Question

a) Mr Kavin purchased a plot in 1986-87 for Rs 2,00,000. It was sold on 15.01.2017
for Rs. 18,80 000 and he paid Rs 20,000 as brokerage charges.
He invested Rs.1.00,000 in bondk of National Highway Authority of India on
31.03.2017 and Rs.2.10,000 in bonds issued by Rural Electrification Corporation
Lid. On 01.06.2017 (Both Notified u/s 54 EC)
Compute the taxable ampount of capital gain if CII for 1986-87 was 140 and for
2016-17 is 1.125.​

Answer 1

Answer:

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