Question

Shree Sharma Sells his only residential house in Manglore on 24th August 2011 for Rs. 32,20,000
and incurs an expenditure of Rs. 20,000 in connection with the transfer. Cost of acquisition of the
house for him in 1978 was Rs. 1,80,000 and on 1st April, 1981 the fair market value was Rs.
4,00,000. On 16th January 2012 he purchased a residential flat in Manglore for Rs. 5,00,000 and
deposited Rs. 1,00,000 in the Capital Gains Deposit Scheme. Compute the taxable Capital gains for
the assessment year 2012-2013.
The cost of inflation index in 1981-82 was 100 and for 2011-12 it was 632.​

Answer 1

Explanation:

Verify that -2,1 and 3 are the zeroes of the cubic polynomial 3 2 p x x x x ( ) 2 5 6     and

then verify the relationship between the zeroes and the co-efficient