Capital gain problrm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 September 2015
Mr. peter sells the following capital assets during the previous year 2012-13 :
NonlistedShares Houseproperty
Sale
consideration24,00,000 6,80,000
Year of
acquisition 1992-93 1985-86
Cost of
acquisition 2,90,000 18,000
Cost of
improvement
incurred
during 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.
Compute Income under the head ‘Income from Capital Gains”
NonlistedShares Houseproperty
Sale
consideration24,00,000 6,80,000
Year of
acquisition 1992-93 1985-86
Cost of
acquisition 2,90,000 18,000
Cost of
improvement
incurred
during 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.
Compute Income under the head ‘Income from Capital Gains”
30 September 2015
unlisted shares 12,92,018
house 264,993
TOTAL 15,57,011
house 264,993
TOTAL 15,57,011
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