Santhi sold a vacant land for ₹2 crores on 18th June, 2021. The cost of acquisition of land was ₹25 lakhs in the year 2009-10. She deposited 90 lakhs in RECL bonds in October 2021. The amount of capital gain liable to ta
CS Executive · Tax Laws · PYQS · June 2022
Santhi sold a vacant land for ₹2 crores on 18th June, 2021. The cost of acquisition of land was ₹25 lakhs in the year 2009-10. She deposited 90 lakhs in RECL bonds in October 2021. The amount of capital gain liable to tax after deduction under sec 54EC is __________ (Assessee has not opted for section 115BAC). Indexation F.Y. 2021-22=317, F.Y. 2009-10 = 148
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax Act, 1961
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