Question

A sold a long term capital assets ( listed securities) for rs 16,50,000 in Aug 2018. it was purchased in Aug 2001 for rs 1,20,000. in Oct 2018 he purchased bonds redeemable after five years Issued by NHAI for rs 7,50,000 , equity share for rs 1,00,000 and a residential house in Mumbai for rs 5,50,000. in Aug 2018 he did not own any other residential house , though he owned a big house property in Delhi. compute taxable capital gain of the assessee?​

Answer 1

Answer:

This is the sale price minus any commissions or fees paid. Subtract your basis (what you paid) from the realized amount (how much you sold it for) to determine the difference