Capital gain practical problem
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 September 2015
Calculate for Mr. Joshi, 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
Note : Cost inflation index
Year Index
2010-11 711
1992-93 223
1985-86 133
1991-92 199
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
Calculate for Mr. Joshi, 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
Note : Cost inflation index
Year Index
2010-11 711
1992-93 223
1985-86 133
1991-92 199
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
Amol S Joglekar
(Expert)
30 September 2015
from unlisted shares 12,92,018
from house 264,993
total 15,57,011
from house 264,993
total 15,57,011
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