2. Mr. Ramlal of Pune gives the following information relating to the capital emts wild during for prov
year 2016-17.
Cost of acquisition
Year of acquisition
Cost of improvement
Year of improvement
Year of sale
Sale proceeds
Selling expenses
ta 7,78,000
1999-2000
2,40,000
2004-05
2016-17
Rs. 35,12.500
Rs. 15,500
He purchased a residential house (new) for Rs. 10,00,000.
The cost of inflation index for the previous year 1999-2000-389, 2004-05-480 and 2016-171125
Compute the taxable capital gain for the assessment year 2017-18, if
a. capital asset sold is a residential house
b. capital asset sold is a jeweler
c. capital asset sold is agricultural land in rural area.
Attachments:
Answers
Answered by
12
yes question is very long ಠಿ_ಠ
Answer:
Organic farming is an agricultural system which originated early in the 20th century in reaction to rapidly changing farming practices. Certified organic agriculture accounts for 70 million hectares globally, with over half of that total in Australia
Similar questions