Question

Mr Ashok Jana owns a house property which was purchased for Rs 40,00,000/- on 1st May 2000. The

property was sold out on 15th June 2019 for Rs 1,56,36,000/-. The Fair Market

value of the Property as on 1st April 2001 was Rs 42,65,000/-. (Cost Inflation Index: 2001-2002 = 100 and

2019-2020 = 289)

Taxable Capital Gain of Mr Ashok Jana for the Assessment Year 2020-21 is​

Answer 1

Answer:

property was sold out on 15th June 2019 for Rs 1,56,36,000/-. The Fair Market

value of the Property as on 1st April 2001 was Rs 42,65,000/-. (Cost Inflation Index: 2001-2002 = 100 and

2019-2020 = 289)

Taxable Capital Gain of Mr Ashok Jana for the Assessment Year 2020-21 is

Answer 2

thanks for the free points