Taxation · Capital Gains
Mr. Rajendra purchased a plot of land in Pune for Rs. 70,00,000 on 5th July 2012 and completed construction of a residential house on it on 8th October, 2015 at a cost of Rs. 50,00,000. The entire property was sold for Rs. 2,10,00,000 on 6th August, 2017 (Rs. 1,50,00,000 for land and Rs. 60,00,000 for superstructure). What is the total Capital Gain for the Assessment Year 2018-19? [CII for FY 2012-13 = 200, FY 2015-16 = 254, FY 2017-18 = 278]
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 80,00,000
- 2Rs. 52,70,000
- 3Rs. 90,00,000
- 4Rs. 64,80,000✓
Correct answer
Rs. 64,80,000
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