Question

‘A’ sold a Long-term Capital Asset (listed securities) for ` 16,50,000 in August, 2018. It was purchased in August, 2001 for ` 1,20,000. In October, 2018 he purchased bonds redeemable after five years issued by the NHAI for ` 7,50,000 and Equity shares for ` 1,00,000 and a residential house in Mumbai for ` 5,50,000. In August, 2018 he did not own any other residential house, though he owned a big house property in Delhi. Compute taxable capital gains of the assessee.

Answer 1

Explanation:

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