Question

Provisions for calculation of capital gain

Answer 1

Explanation:

In case of short-term capital gain, capital gain = final sale price – (the cost of acquisition + house improvement cost + transfer cost). In case of long-termcapital gain, capital gain = final sale price – (transfer cost + indexed acquisition cost + indexed house improvement cost).

Answer 2

Answer:

• It is the case for the provisions of the capital gain.....