Mrs. Lakshmi purchased shares of ABB Ltd. for ₹ 5 lakhs on 3rd April, 2015. The shares were sold on 5th June, 2016 for ₹ 7 lakhs. She paid STT of ₹ 700 and brokerage of ₹ 500. The amount chargeable to tax is:
CS Executive · Tax Laws and Practice · PYQS · June 2017
Mrs. Lakshmi purchased shares of ABB Ltd. for ₹ 5 lakhs on 3rd April, 2015. The shares were sold on 5th June, 2016 for ₹ 7 lakhs. She paid STT of ₹ 700 and brokerage of ₹ 500. The amount chargeable to tax is:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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