Dr. Sam sold a vacant land to Mr. Roy for ₹ 36 lakhs. For stamp duty purpose, the value of land was ₹ 41 lakhs. The indexed cost of acquisition of land was computed at ₹ 20 lakhs. The taxable long-term capital gain would
CS Executive · Tax Laws and Practice · PYQS · December 2017
Dr. Sam sold a vacant land to Mr. Roy for ₹ 36 lakhs. For stamp duty purpose, the value of land was ₹ 41 lakhs. The indexed cost of acquisition of land was computed at ₹ 20 lakhs. The taxable long-term capital gain would be :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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