Section B (2 Mark)
Rakhi purchased a piece of land on 25-4-1979 for Rs.80000. This land was sold by him on 23-12-2011 for Rs.1250000. The market value of the land as on 1-4-1981 was Rs.98000. Expenses on transfer were 1.5% of the sale price. Compute the capital gain for the assessment year 2012-13. [CII-12-13: 852,11-12: 785,10-11:711]
A . 562506
B . 461950
C . 539980
D . 710020
Answer: B
Latest CWM_LEVEL_2 Dumps Valid Version with 1259 Q&As
Latest And Valid Q&A | Instant Download | Once Fail, Full Refund