Mr. P acquired a building from his friend on 08.11.2023 for ₹ 30 Lakhs. The stamp duty value of the building on the date of purchase was ₹ 33.50 Lakhs. What will be the income that is chargeable in the hands of Mr. P?
CS Executive · Tax Laws · PYQS · December 2024
Mr. P acquired a building from his friend on 08.11.2023 for ₹ 30 Lakhs. The stamp duty value of the building on the date of purchase was ₹ 33.50 Lakhs. What will be the income that is chargeable in the hands of Mr. P?
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax Act
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