(10.16)
A.Y. 2020-21 LTCG * 17,00,000; STCG * 2,00,000.
17. M/s. P. Bros. Chennai running an industrial undertaking were ordered by City Corporation
Chennai to shift their unit from the urban area of Chennai. They shifted their concern during
2018-19 and in the process sold some of the assets whose details are given below :
Assets
P&M
Land
Acquired in
1999 June 2001
₹
22
Sale proceeds
10,00,000
12,00,000
W.D.V. on 1.4.2018 (cost u/s 50(2)]
4,40,000
Cost of acquisition
6,00,000 3,00,000
Amount invested during Dec. 2018 due to shifting 8,00,000 4,00,000
Compute the taxable capital gain for the Assessment Year 2019-20 (C.I.I. for 2001-02 is 100:
2018-19 is 280)
Building
1999
₹
12,00,000
7,32,500
10,00,000
5,00,000
T.1
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No that kid called me to change and give the channel
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