Question

Lac
Ans. : Taxable Capital Gain L.1.
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LONG PRACTICAL PROBLEMS
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P. 11
Mr. X provides the following data regarding his transaction for the sale
his residential house for the previous year 2018-19 -
(1) House Purchased in 2009-10
(2) Sold in January 2019
(3) Purchased another house in Nov. 2018
(4) Invested in the Bonds of Rural Electrification corporation in Feb. 2019
Cost inflation index for 2009-10 and 2018-19 was 148 and 280 respectively
.
Compute the amount of capital gains to be included in the total income for the
ssment Year 2019-20.
8,50,000
25,00.000
3,20,000
5,00.000
Ans. Long term Capital gain 71,892
-12​

Answer 1

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