Business Studies, asked by Tanyav9030, 5 days ago

Interest received on the compensation on compulsory acquisition of a capital received is Rs 32,000 then the effective taxable amount is

Answers

Answered by angadyawalkar09

Answer:

In this case, capital gain is computed as: Short-term capital gain = complete value of consideration – (cost of acquisition + cost of transfer + cost of improvement). Long-term capital assets are assets that are held for a period of 36 months or more.

Explanation:

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