Question
. X submits the following information. Calculate his capital gains. Shares unlisted (purchased in April 2001 for 54000) sold on 15.12.19 for Rs 395000. On
. X submits the following information. Calculate his capital gains. Shares unlisted (purchased in April 2001 for 54000) sold on 15.12.19 for Rs 395000. On 1.4.01, he agreed to sell jewellery to Y for Rs 270000 which was purchased in 1976 for Rs 150000. Since the sale was not completed the advance money of Rs 20000 was forfeited. He sold the jewel on 15.7.19 for Rs 3310000 and incurred Rs 20000 as brokerage. Debentures (purchased in sep 2019 for Rs 50000) sold on 31.12.19 for Rs 65000. Sold his car (purchased in August 2005 for Rs 150000) on 15th March 2018 for Rs 160000. CCI 2001-02 : 100; 2019-20 : 289.
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