Capital gain practical problem
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 September 2015
Calculate for Mr. Joshi, income taxable as ‘Capital Gains’ during previous year
ended march 31,2011, he sells the following two capital assets during the previous
year 2012-13 :
Particular Unlisted Shares House Property
Sale consideration 24,00,000 6,80,000
Year of acquisition 1992-93 1985-86
Cost of acquisition 2,90,000 18,000
Cost of improvement incurred in 1991-92 - 70,000
Given the cost inflation index during the previous years - 1981-82 :Rs. 100; 1985-86 : Rs. 133; 1991-92 : Rs. 199; 1992-93 : Rs. 223 and 2012-13 : Rs. 852 compute the income under the head Capital gains
ended march 31,2011, he sells the following two capital assets during the previous
year 2012-13 :
Particular Unlisted Shares House Property
Sale consideration 24,00,000 6,80,000
Year of acquisition 1992-93 1985-86
Cost of acquisition 2,90,000 18,000
Cost of improvement incurred in 1991-92 - 70,000
Given the cost inflation index during the previous years - 1981-82 :Rs. 100; 1985-86 : Rs. 133; 1991-92 : Rs. 199; 1992-93 : Rs. 223 and 2012-13 : Rs. 852 compute the income under the head Capital gains
30 September 2015
where from you are copying this? Dates are conflicting...... you are asking to calculate for year ended 2011....giving information for 2012-13....first please be meticulous in drafting the query PLEASE.
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