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Q.6) Mr. Ashish purchases a house property for Rs.1,06,000 on May 15,1975 . The following expenses are incurred by him for making addition/ alternation to
Q.6) Mr. Ashish purchases a house property for Rs.1,06,000 on May 15,1975 . The following expenses are incurred by him for making addition/ alternation to the house property: Fair market value of the property on April 1,2001 is Rs. 8,50,000. The house property is sold by Mr. Ashish on August 10,2021 for Rs. 68,00,000 (expenses incurred on transfer: Rs. 50,000 ). Compute the capital gain for the assessment year 2022-23. - ( marks )
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