Dear friends i wan td solution of this question
Qus- On 1/4/2010 X (63yrs) owns two house property at agra apart from investment in gold during P.yr 2010-11 X sells the following assests
GOLD RESIDENTIAL HOUSE
DATE OF SALE 10/7/2010 15/6/2010
DATE OF PURCHASE 9/6/1996 17/5/1988
SALE CONSIDERATION 6,40,000.00 18,15,000.00
COST OF AQUISITION 2,25,000.00 4,00,000.00
income from other sources - 756000.00
Assming X has made the following investments during the P.yr 2010-11 find out the tax laibility of X for the A.yr 2011-12
a) Purchase of residential House property -622000.00
b) Deposit in PPF-60000.00
ans- 77870.00
my ans of this question is not coming pls give me the solution this question is of V.K singhania book 104-E1
thanks in advance..........
CAclubindia
