Question

3. Ms. Vimala had two houses-
a. The 1st house was occupied by herself for her residence. She got this house from
her brother as gift on 15-8-1988. Her brother purchased this house in 1979 for
65,000. FMV on 1-4-1981 was 70,000. Vimala spent 6,500 on its improvement on
10-9-2003. She sold it on 30-9-2015 for 18,50,000. She purchased another house
for her residence on 25-3-2016 for 9,00,000.
b. She had purchased the 2nd house for? 56,000 in 1987-88 and had let out for
residential purpose. She sold this house on 31-8-2015 for 8,50,000 by incurring
selling expenses of 47,800.
c. She had purchased Jewelery in 1987-88 for 75,000 and on 25-2-2015 sold this
Jewelery for 8,50,000 and purchased new Jewelery for 2,00,000.
d. Motor car sold on 1-12-2015 for 90,000 was purchased by her in January 2005 for
1,40,000 and its WDV on 1-4-2015 is 76,000. Car is used in business.
B
Cll for 1981-82 = 100
1987-88 = 150
1988-89 = 161
2003-04 = 463
2015-16 = 1081
Compute taxable capital gain for the A.Y. 2016-17.​

Answer 1

Answer:

plz make me a brianlest