Question

VOV-DE
-DEC) PP-31
Q. 4. (a) During the Previous Year 2019-20, Ms. Kavita transfers the following
assets:
(i) On April 30, 2019, she transfers a personal computer for 30,000 (It was purchased
for $60,000 on January 01, 2019)
(ii) On June 15, 2019 she transfers personal jewellery for 10,00,000 (purchased during
2001-02 for 180,000).
(iii) To avail of the exemption under section 54F, she invested 6,00,000 in purchasing
a new residential house property on December 30, 2019. She was having only one
residential house property other than house property.
Determine the amount of capital gain chargeable to tax for the Assessment
Year 2020-21.
6
(b) Shyam transfers a residential house property situated at NOIDA on July
10, 2019 (Sale consideration : 15,00,000, expenses on transfer : 10,000). This
house property was purchased on October 06, 2,000 for $50,000. The market
value of the property in 2001 was 1,50,000. To avail the benefit of exemption
under Section 54, he purchases a residential house property at Ghaziabad for
8,00,000 on December 20, 2019.
Determine the amount of capital gains chargeable to tax for Assessment Year
2020-21.
5​

Answer 1

Answer:

dont know answer but i will suggest you to type small questions.. on this app