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”
Amol S Joglekar
(Expert)
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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