B Com Exam  >  B Com Questions  >  Mr. Sudesh sold his house on 1st may 2010 for... Start Learning for Free
Mr. Sudesh sold his house on 1st may 2010 for Rs 12,00,000. This house was purchased by his father in 1960 for Rs 50,000. Mr. Sudesh got this house in inheritance on the death oh his father in 1977-78. On 01.04.1981 fair market value of this house was Rs 1,50,000. On 1st December 2010 he purchased another house for Rs 2,50,000. For his assessment year 2017-18 calculate his capital gain.
Verified Answer
Mr. Sudesh sold his house on 1st may 2010 for Rs 12,00,000. This house...
Ans.

11,50,000

 Because his father purchase house at Rupees 50,000 at 2010 .
Sudesh sold that house at rupees 12,00,000 
 
  So,       12,00,000 - 50,000 = 11,50,000   
        
Therefore, he earn 11,50,000 profit margin
This question is part of UPSC exam. View all B Com courses
Explore Courses for B Com exam
Mr. Sudesh sold his house on 1st may 2010 for Rs 12,00,000. This house was purchased by his father in 1960 for Rs 50,000. Mr. Sudesh got this house in inheritance on the death oh his father in 1977-78. On 01.04.1981 fair market value of this house was Rs 1,50,000. On 1st December 2010 he purchased another house for Rs 2,50,000. For his assessment year 2017-18 calculate his capital gain.
Question Description
Mr. Sudesh sold his house on 1st may 2010 for Rs 12,00,000. This house was purchased by his father in 1960 for Rs 50,000. Mr. Sudesh got this house in inheritance on the death oh his father in 1977-78. On 01.04.1981 fair market value of this house was Rs 1,50,000. On 1st December 2010 he purchased another house for Rs 2,50,000. For his assessment year 2017-18 calculate his capital gain. for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Mr. Sudesh sold his house on 1st may 2010 for Rs 12,00,000. This house was purchased by his father in 1960 for Rs 50,000. Mr. Sudesh got this house in inheritance on the death oh his father in 1977-78. On 01.04.1981 fair market value of this house was Rs 1,50,000. On 1st December 2010 he purchased another house for Rs 2,50,000. For his assessment year 2017-18 calculate his capital gain. covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr. Sudesh sold his house on 1st may 2010 for Rs 12,00,000. This house was purchased by his father in 1960 for Rs 50,000. Mr. Sudesh got this house in inheritance on the death oh his father in 1977-78. On 01.04.1981 fair market value of this house was Rs 1,50,000. On 1st December 2010 he purchased another house for Rs 2,50,000. For his assessment year 2017-18 calculate his capital gain..
Solutions for Mr. Sudesh sold his house on 1st may 2010 for Rs 12,00,000. This house was purchased by his father in 1960 for Rs 50,000. Mr. Sudesh got this house in inheritance on the death oh his father in 1977-78. On 01.04.1981 fair market value of this house was Rs 1,50,000. On 1st December 2010 he purchased another house for Rs 2,50,000. For his assessment year 2017-18 calculate his capital gain. in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of Mr. Sudesh sold his house on 1st may 2010 for Rs 12,00,000. This house was purchased by his father in 1960 for Rs 50,000. Mr. Sudesh got this house in inheritance on the death oh his father in 1977-78. On 01.04.1981 fair market value of this house was Rs 1,50,000. On 1st December 2010 he purchased another house for Rs 2,50,000. For his assessment year 2017-18 calculate his capital gain. defined & explained in the simplest way possible. Besides giving the explanation of Mr. Sudesh sold his house on 1st may 2010 for Rs 12,00,000. This house was purchased by his father in 1960 for Rs 50,000. Mr. Sudesh got this house in inheritance on the death oh his father in 1977-78. On 01.04.1981 fair market value of this house was Rs 1,50,000. On 1st December 2010 he purchased another house for Rs 2,50,000. For his assessment year 2017-18 calculate his capital gain., a detailed solution for Mr. Sudesh sold his house on 1st may 2010 for Rs 12,00,000. This house was purchased by his father in 1960 for Rs 50,000. Mr. Sudesh got this house in inheritance on the death oh his father in 1977-78. On 01.04.1981 fair market value of this house was Rs 1,50,000. On 1st December 2010 he purchased another house for Rs 2,50,000. For his assessment year 2017-18 calculate his capital gain. has been provided alongside types of Mr. Sudesh sold his house on 1st may 2010 for Rs 12,00,000. This house was purchased by his father in 1960 for Rs 50,000. Mr. Sudesh got this house in inheritance on the death oh his father in 1977-78. On 01.04.1981 fair market value of this house was Rs 1,50,000. On 1st December 2010 he purchased another house for Rs 2,50,000. For his assessment year 2017-18 calculate his capital gain. theory, EduRev gives you an ample number of questions to practice Mr. Sudesh sold his house on 1st may 2010 for Rs 12,00,000. This house was purchased by his father in 1960 for Rs 50,000. Mr. Sudesh got this house in inheritance on the death oh his father in 1977-78. On 01.04.1981 fair market value of this house was Rs 1,50,000. On 1st December 2010 he purchased another house for Rs 2,50,000. For his assessment year 2017-18 calculate his capital gain. tests, examples and also practice B Com tests.
Explore Courses for B Com exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev