Question

Discuss the following:1X acquired a plot of land on June 30, 2001 for 33,10,000. The funds invested were borrowed at the ratepercent per annum (the amount was repaid by X on March 31, 2005). X sells the plot of land on June 30, 201918,00,000. What will be the amounts of capital gains for the assessment year 2021-22? Can X claim deductioground rent paid by him?XY & Co. a partnership firm, owns a house property which is utilised by partners for their residence. On June2019 the firm sells the property at a long-term capital gains of 1,20,000. Can the firm or partners claim exemjunder section 54 ?2t(coured on lune 10.1997 for $70,000. fair market value on April 1, 2001; 1,80,000​

Answer 1

Answer:

ok sir thanks you for the information in the centre of the centre