CAF-2 · Chapter 9 · Question 2 of 15
Which of the following scenarios does NOT constitute a "disposal" of an asset under Section 75 of the Income Tax Ordinance, 2001?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) D) Pledging an asset as collateral to secure a bank loan.
Explanation
Pledging an asset as collateral does not mean the owner has parted with the ownership. Disposal involves selling, exchanging, transferring, transmitting by succession, or applying a business asset to personal use.
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