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.

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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.

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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

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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..

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