Accountancy, asked by kparmjeet546, 23 hours ago

a) Dr. Arjun Das sold some ornaments on 1.9.2017 for 26,40,000. The cost of transfer was 1,40,000. Dr. Das had purchased these ornaments during 1985-86 for 1,75,000. Dr. Das purchased a residential house on 1.12.2017 for $11,00,000. Assuming that Dr. Das does not own any other residential house on 1.9.2017. Calculate his taxable income from capital gains for the assessment year 2018-19. The cost index in the year 1985-86 was 133 and 2017-18 was 272. ​

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Answered by yp30732
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Answer:

Dr. Arjun Das sold some ornaments on 1.9.2017 for 26,40,000. The cost of transfer was 1,40,000. Dr. Das had purchased these ornaments during 1985-86 for 1,75,000. Dr. Das purchased a residential house on 1.12.2017 for $11,00,000. Assuming that Dr. Das does not own any other residential house on 1.9.2017. Calculate his taxable income from capital gains for the assessment year 2018-19. The cost index in the year 1985-86 was 133 and 2017-18 was 272.

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