Question

&
Mr. Ayansh acquired a plot of land on 30-06-2000 for Rs. 4,20,000. Brokerage and other incidental
expenses on acquisition of plot were Rs 1,48,500. Its fair market value on 01-04-2001 was Rs.
8,50,000. Mr. Ayansh sold the plot of land on 30-06-2018 for Rs. 55,00,000. What will be the
amount of Capital Gam for the Assessment Year 2019-20 ? Can he claim a deduction for ground
rent paid by him amounting to Rs. 5,000 during the period when he held the asset ? Cost Inflation
Index in 2001-02 was 100 and that in 2018-19 it was 280..​

Answer 1

9999999⁹99999876-;-55___4-__+74₹'+(52-(88)

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