Mr.x sells agricultural land situated in Delhi city for ₹ 58,00,000 on May 15, 2016, which wat
by him in June 1984 for ₹ 5,00,000. On 1st April, 2017, he purchased agricultural land for ₹ 400
deposited * 6,00,000 in Capital Gains Account in State Bank of India in order to get exemption andere
54B. He purchased another agricultural land on 30th April, 2018 for ₹ 5,50,000 by withdrawar
Capital Gains Deposit Account in State Bank of India. The balance of amount left in Capital Gas
A/c is withdrawn in October 2018. Find out the taxable capital gains for the Assessment Years 2011
2019-20. The cost inflation index for 1984-85and 2016-17 is 125and 1125 respectively.
Ans. (i) Assessment Year 2017-18 : L.T.C.G.₹ 3,00,000%;
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