Accountancy, asked by MMMMMMMMMMM6790, 16 days ago

Mr. Ghosh sold a house on 1.9.2016 for Rs. 13,00,000. This house was inherited by him during 1981-82 from his father who had constructed it is 1971-72 for Rs.50,000. Mr. Ghosh spent Rs. 50,000 on renovation of the house in 1986-87. Fair market value of the house as on 1.4.1981 was Rs. 1,50,000

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Answered by saikumaribandaru99

1

Mr. Ghosh sold a house on 1.9.2016 for Rs. 13,00,000. This house was inherited by him during 1981-82 from his father who had constructed it is 1971-72 for Rs.50,000. Mr. Ghosh spent Rs. 50,000 on renovation of the house in 1986-87. Fair market value of the house as on 1.4.1981 was Rs. 1,50,000

answer 1

Answered by joshiultimatesid

0

Answer:

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