Question

Computation of Long Term Capital Gain:
Mr.A purchased a house property in 1992 for Rs.5,00,000. He sells the house in December 2020.
The fair market value of the house as on 1.4.2001 was Rs.21,30,000. Stamp Duty Value as on
01.04.2001 is Rs. 18,30,000. Compute the indexed cost of acquisition
What would be your answer if:
Mr.A gifts the house to Mr.B, his son in April 2006 and Mr.B sells the house in December 2020. What
will be the indexed cost of acquisition in the hands of Mr.B.
(CI: 2006-07: 122)
Government acquired the house from Mr.A in December 2018 but the compensation was paid in
December 2020. What will be the indexed cost of acquisition?
(CII: 2018-19:280)

Answer 1

Answer:

1213

Step-by-step explanation:

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