Question

Mr.R holds 1000 shares in Vijay Ltd, an unlisted company, acquired during 2001-02 at 8

Rs.50,000. He has been offered rights shares by company in the month of Aug 2020 at Rs.140

per share in the ratio of 2 Share for every 5 held. He retain 50 % of the rights and renounce the

balance right share in favour of Mr.Q for Rs.25 per share in Sept 2020. All the shares are sold by

Mr.R for Rs.300 per share in jan 2021 and Mr. Q sells his share in Dec 2020 at Rs.280 per share.

Compute taxable CG in the hands of Mr.R & Mr.Q

………………………………………………………………………………………………………………​

Answer 1

Answer:

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Explanation:

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