7 Capital Gains

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QUESTION 1 MCQ MTP MAY 2019 (2 MARKS)

Ms. Jaya acquires 5,000 equity shares on 01.01.2016 at Rs.500. The Fair Market Value of the said share on
31.01.2018 is Rs.250 and on 31.03.2018 is Rs.600. She sells the said shares on 30.04.2018 at Rs.700. Calculate
the amount of long term capital gain in the hands of Ms. Jaya assuming that Securities Transaction Tax has
been paid by her on acquisition and transfer of the said equity share. CII – F.Y. 2015-16: 254; F.Y. 2018-19:
280
(a) Rs.10 lakh, out of which Rs.9 lakh is taxable@10%
(b) Rs.22.50 lakh, out of which Rs.21.5 lakh is taxable@10%
(c) Rs.7.45 lakh, out of which Rs.6.45 lakh is taxable @10%
(d) Rs.5 lakh, out of which Rs.4 lakh is taxable@10%
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QUESTION 2 MCQ MTP MAY 2019 (2 MARKS)
The following information is available with respect to Tina:
 Capital Asset acquired on 01.04.2001 for Rs.85,200
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 The capital asset was converted into stock-in-trade on 30.09.2017. On the said date, the fair market value of
the said asset was Rs.6,00,000.
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 The stock-in-trade so converted was sold on 15.07.2018 for Rs.8,50,000.
Determine the tax implications in the hands of Tina for A.Y. 2019-20. Cost Inflation Index Financial year 2001-
02: 100, 2017-18: 272, 2018-19: 280]
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(a) Only business profits of Rs.2,50,000 shall be chargeable to tax in the hands of Tina in A.Y. 2019-20.
(b) Only long term capital gain of Rs.6,11,440 shall be chargeable to tax in the hands of Tina in A.Y. 2019-20.
(c) Business profits of Rs.2,50,000 and long term capital gain of Rs.3,61,440 shall be chargeable to tax in the
hands of Tina in A.Y. 2019-20.
(d) Business profits of Rs.2,50,000 and long term capital gain of Rs.3,68,256 shall be chargeable to tax in the
hands of Tina in A.Y. 2019-20.
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QUESTION 3 CAPITAL GAINS MTP MAY 2019 (7 MARKS)

Mrs. Harsha purchased a land at a cost of Rs.45 lakhs in the financial year 2007-08 and held the same as her
capital asset till 31st March, 2017. She started her real estate business on 1st April, 2017 and converted the said
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land into stock-in-trade of her business on the said date, when the fair market value of the land was Rs.225
lakhs.
She constructed 15 flats of equal size, quality and dimension. Cost of construction of each flat is Rs.15 lakhs.
Construction was completed in January, 2019. She sold 10 flats at Rs.40 lakhs per flat in 20th March, 2019. The
remaining 5 flats were held in stock as on 31st March, 2019.
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She invested Rs.50 lakhs in bonds issued by National Highways Authority of India on 31st March, 2019 and
another Rs.50 lakhs in bonds of Rural Electrification Corporation Ltd. in April, 2019.
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Compute the amount of chargeable capital gain and business income in the hands of Mrs. Harsha arising from
the above transactions for Assessment Year 2019-20 indicating clearly the reasons for treatment for each item.
[Cost Inflation Index: FY 2007-08: 129; FY 2017-18: 272; FY 2018-19: 280].
QUESTION 4 CAPITAL GAINS MTP MAY 2019 (1 MARK)

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XYZ a partnership firm was dissolved on 30-6-2018. A machine acquired on 1-5-2016 for Rs.2,50,000 was
distributed amongst the partners on dissolution for Rs.2,25,000. The value of machinery as per books of
account and Fair Market Value on 30-6-2018 was Rs.2,00,000 and Rs.3,50,000, respectively. What will be the
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full value of consideration of this machine?

(a) Rs.2,25,000 (b) Rs.3,50,000 (c) Rs.2,50,000 (d) Rs.2,00,000
QUESTION 5 CAPITAL GAINS MTP MAY 2019 (2 MARKS)

Mr. Vikram sold his old residential house in May, 2017 for Rs.25,00,000. Long- term capital gain arising on
transfer of old house amounted to Rs.8,70,000. In December, 2017 he purchased another residential house
worth Rs.4,50,000. The new house was however, sold in May, 2018 for Rs.14,00,000 (stamp duty value of the
new house was Rs.13,00,000). What will be amount of taxable capital gains in the hands of Mr. Vikram for the
A.Y. 2018-19 and 2019-20?
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(a) Long term capital gain of Rs.4,20,000 in A.Y. 2018-19 and short-term capital gain of Rs.14,00,000 in A.Y.
2019-20
(b) Long term capital gain of Rs.4,20,000 in A.Y. 2018-19 and long term capital gain of Rs.4,50,000 and short-
term capital gain of Rs.14,00,000 in A.Y. 2019-20
(c) Long term capital gain of Rs.4,20,000 in A.Y. 2018-19 and long term capital gain of Rs.4,50,000 and short-
(d) Long term capital gain of Rs.4,20,000 in A.Y. 2018-19 and long term capital gain of Rs.4,50,000 and short-
QUESTION 6 CAPITAL GAINS MTP MAY 2021 (7 MARKS), NOV 2019 (6 MARKS)
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Ignore S. 115BAC
QUESTION 7 CAPITAL GAINS MTP NOV 2018, MTP 1 May 2023 (7 MARKS)
Mr. Shiva purchased a house property on February 15, 1979 for Rs. 3,24,000. In addition, he has also paid
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stamp duty value @10% on the stamp duty value of Rs. 3,50,000.
In April, 2007, Mr. Shiva entered into an agreement with Mr. Mohan for sale of such property for Rs. 14,35,000
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and received an amount of Rs. 1,11,000 as advance. However, the sale consideration did not materialize and
Mr. Shiva forfeited the advance. In May 2014, He entered into an agreement for sale of said house for Rs.
20,25,000 to Ms. Deepshikha and received Rs. 1,51,000 as advance. However, as Ms. Deepshikha did not pay
the balance amount, Mr. Shiva forfeited the advance. In August, 2014, Mr. Shiva constructed the first floor by
incurring a cost of Rs. 3,90,000.
On November 15, 2017, Mr. Shiva entered into an agreement with Mr. Manish for sale such house for Rs.
30,50,000 and received an amount of Rs. 1,50,000 as advance through an account payee cheque. Mr. Manish
paid the balance entire sum and Mr. Shiva transfer the house to Mr. Manish on February 20, 2018. Mr. Shiva
has paid the brokerage @1% of sale consideration to the broker.
The fair market value of the house property on April 1, 1981 was Rs. 4,00,000. The fair market value of the
house property on April 1, 2001 was Rs. 10,70,000. Valuation as per Stamp duty Authority of such house on 15
November, 2017 was Rs. 30,00,000 and on 20 February, 2018 was Rs. 32,00,000.
Compute the capital gains in the hands of Mr. Shiva for A.Y.2018-19. CII for F.Y. 2001-02: 100; F.Y. 2007-08:
129; F.Y. 2014-15: 240; F.Y. 2017-18: 272.
QUESTION 8 CAPITAL GAINS MTP NOV 2019 (1 MARK)

Neha sold her residential house for Rs.85 lakh on 11.08.2018. Value adopted by the Stamp Valuation Authority
on the date of registration of the Conveyance Deed i.e., 17.08.2018 was Rs.150 lakh. Neha disputed the
valuation done by the said authority before the Assessing Officer and filed an application before him to refer
her case to the Valuation Officer. The Valuation Officer determined the value of the house on date of
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registration of Conveyance Deed at Rs.160 lakh. In light of these facts, compute the full value of consideration
to be taken in case of Neha for the purpose of calculation of capital gains in her hands.
(a) Rs.85 lakh (b) Rs.150 lakh (c) Rs.160 lakh (d) Rs.89.25 lakh
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QUESTION 9 CAPITAL GAINS MTP NOV 2019 (1 MARK)
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Suman is a Chartered Accountant practicing in Mumbai since September, 1994. She transfers her practice to
another Chartered Accountant Smita on 19.06.2018 and charges Rs.14,50,000 towards goodwill. Determine the
tax implications that may arise in the hands of Neha on account of transfer of her practice to Smita.
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(a) Rs.14,50,000 shall be charged to tax as capital gains
(b) Rs.14,50,000 shall be charged to tax as income from other sources
(c) Rs.14,50,000 shall be charged to tax as income from profession
(d) No tax implications shall arise
QUESTION 10 CAPITAL GAINS MTP NOV 2019 (7 MARKS), RTP NOV 2018, MTP 2 NOV
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2022IGNORE
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Mr. Sarthak entered into an agreement with Mr. Jaikumar to sell his residential house located at Kanpur on
16.08.2018 for Rs. 80,00,000.
The sale proceeds were to be paid in the following manner:
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(i) 20% through account payee bank draft on the date of agreement.
(ii) 60% on the date of the possession of the property.
(iii) Balance after the completion of the registration of the title of the property.
Mr. Jaikumar was handed over the possession of the property on 15.12.2018 and the registration process was
completed on 14.01.2019. He paid the sale proceeds as per the sale agreement.
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The value determined by the Stamp Duty Authority on 16.08.2018 was Rs. 90,00,000 whereas on 14.01.2019 it
was Rs. 91,50,000. Mr. Sarthak had acquired the property on 01.04.2001 for Rs. 20,00,000. After recovering
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the sale proceeds from Jaikumar, he purchased another residential house property for Rs. 20,00,000 on
24.3.2019. Compute the income under the head "Capital Gains" for the Assessment Year 2019-20.
Cost Inflation Index for Financial Year(s) 2001-02- 100; 2018-19 – 280
QUESTION 11 CAPITAL GAINS MTP NOV 2020 (7 MARKS), RTP MAY 2018, RTP NOV 2019
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Mr. Yusuf bought a vacant land for Rs 80 lakhs in March 2005. Registration and other expenses were 10% of
the cost of land. He constructed a residential building on the said land for Rs 100 lakhs during the financial year
2006-07.
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He entered into an agreement for sale of the above said residential house with Mr. John (not a relative) in July
2019. The sale consideration was fixed at Rs 600 lakhs and on the date of agreement, Mr. Yusuf received Rs 20
lakhs as advance in cash. The stamp duty value on that date was Rs 620 lakhs.
The sale deed was executed and registered on 10-2-2020 for the agreed consideration. However, the State stamp
valuation authority had revised the values, hence, the value of property for stamp duty purposes was Rs 650
lakhs. Mr. Yusuf paid 1% as brokerage on sale consideration received.
Subsequent to sale, Mr. Yusuf made following investments:
(i) Acquired a residential house at Delhi for Rs 80 lakhs.
(ii) Acquired a residential house at London for Rs 40 lakhs.
(iii) Subscribed to NHAI bond: Rs 45 lakhs on 29-5-2020 and Rs 15 lakhs on 12-7-2020.

Compute the income chargeable under the head “Capital Gains” for A.Y. 2020-21. The choice of exemption
must be in the manner most beneficial to the assessee.
Cost Inflation Index:
F.Y. 2004-05 113
F.Y. 2006-07 122
F.Y. 2019-20 289
QUESTION 12 CAPITAL GAINS JAN 2021 (OS) (3 MARKS)
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QUESTION 13 CAPITAL GAINS MAY 2018 (OS) (5 MARKS)
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Ignore S. 115BAC
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QUESTION 14 CAPITAL GAINS MAY 2018 (10 MARKS), RTP MAY 2019
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Using the further information below, compute the Capital Gains arising from slump sale of Unit R for
Assessment year 2018-19 from slump sale of Unit R for Assessment year 2018-19.
(i) Slump sale consideration on, transfer of Unit R was Rs 920 lacs. FMV on the date of transfer was also Rs
930 lacs.
(ii) Fixed Assets of Unit R includes land which was purchased at Rs 110 lacs in the year 2008 and was revalued
at Rs 140 lacs.
(iii) Other fixed assets are reflected at Rs 460 lacs, (i.e., Rs 600 lacs less value of land) which represents written
down value of those assets as per books. The written down value of these assets is Rs 430 lacs.
(iv) Unit R was set up by Star Enterprises in Oct, 2006.
Note: Cost Inflation Indices for the financial year 2006-07 and financial year 2017-18 are 122 and 272,
respectively
QUESTION 15 CAPITAL GAINS MAY 2019 (OS) (4 MARKS), MTP 2 NOV 2023
Mr. Deepak has a residential house property taxable under section 22. Such property was acquired on 12-08-
2005 for Rs 2,00,000. The property is sold for Rs 23,00,000. The subregistrar refused to register the documents
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for the said value, as according to him, stamp duty value based on State Government guidelines was Rs
28,00,000. Mr. Deepak preferred an appeal to the revenue divisional officer who fixed the value of the house Rs
25,00,000. He acquired another residential house on 31-03-2019 for Rs 17,00;000 for self-occupation. On 01-
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03-2020, he sold such new residential house for Rs 30,00,000.
Compute his capital gain for the A.Y. 2019-20 and 2020-21. (Cost Inflation Index : 2001-02; 2005-06 and
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2018-19 are, 100; 117 and 280)
QUESTION 16 CAPITAL GAINS MAY 2019 (OS) (3 MARKS) Miss Himanshi (68 years) is a resident
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individual. During the assessment year 2019-20, she has income from Long-term capital gain on transfer of
equity shares Rs 1,80,000 (Securities transaction tax has been paid on acquisition and transfer of the said
shares) and income from other sources Rs 2,75,000. Compute her tax liability for Assessment year 2019-20,
ignoring S. 115BAC.
QUESTION 17 CAPITAL GAINS MAY 2019 (6 MARKS), MTP 1 NOV 2023

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QUESTION 18 CAPITAL GAINS NOV 2020 (5 MARKS)

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Mr. Govind purchased 600 shares of "Y" limited at Rs 130 per share on 26.02.1979. "Y" limited issued him,
1,200 bonus shares on 20.02.1984. The fair market value of these share at Mumbai Stock Exchange as on
1.04.2001 was Rs 900 per share and Rs 2,000 per share as on 31.01.2018. On 31.01.2019 he converted 1000
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shares as his stock in trade. The shares was traded at Mumbai Stock Exchange on that ·date at a high of Rs
2,200 per share and closed for the day at Rs 2,100 per share. On 07.07.2019 Mr. Govind sold all 1800 shares
@Rs 2,400 per share at Mumbai Stock Exchange and securities transaction tax was paid. Compute total income
of Mr. Govind for the assessment-year 2020-21
QUESTION 19 CAPITAL GAINS RTP NOV 2019

Mr. Rana is a resident of India residing in Meerut. During F.Y. 2010-11 he purchased an agricultural land
situated in Bahadurpur for Rs 10 lacs. This land is situated in an area which has aerial distance of 3 km from the
local limits of Municipality of Bahadurpur. Total population of this area is 80,000 as per the last preceding
census. During F.Y. 2018-19, Mr. Rana sold this land to Mr. Jeet for Rs 25 lacs on 29.1.2019. Mr. Rana
invested Rs 5 lakhs in bonds of NHAI on 31.7.2019. Cost inflation index for F.Y. 2010-11 and F.Y. 2018-19 is
167 and 280 respectively. Compute the amount of capital gain taxable in the hands of Mr. Rana for A.Y. 2019-
20:
(a) Rs 3,23,353 (b) Rs 8,23,353 (c) Rs 10,00,000 (d) None of the above
QUESTION 20 CAPITAL GAINS RTP NOV 2019, MTP 2 May 2023

Mr. A, aged 45 years sold an agricultural land for Rs 52 lakhs on 04.10.2019 acquired at a cost of Rs 49.25
lakhs on 13.09.2018 situated at 7 kms from the jurisdiction of municipality having population of 4,00,000 and
also sold another agricultural land for Rs53 lakhs on 12.12.2019 acquired at a cost of Rs 46 lakhs on
15.02.2018 situated at 1.5 kms from the jurisdiction of municipality having population of 12,000. What would
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be the amount of capital gain chargeable to tax in the hands of Mr. A for the assessment year 2020-21? Cost
inflation index for F.Y. 2017-18: 272; 2018-19: 280; 2019-20:289.
(a) Short-term capital gain of Rs 9.75 lakhs
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(b) Short-term capital gain of Rs 7 lakhs
(c) Long-term capital gain of Rs 4,12,500
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(d) Long-term capital gain of Rs 5,29,196
QUESTION 21 CAPITAL GAINS STUDY MATERIAL
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QUESTION 22 CAPITAL GAINS STUDY MATERIAL

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QUESTION 23 JULY 2021 (6 MARKS)

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Ignore S. 115BAC.
QUESTION 24 (JULY 2021 4 MARKS) – can be ignored
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QUESTION 25 JULY 20214 MARKS
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QUESTION 26 JULY 2021 OS 2 MARKS

Compute the tax liability for the Assessment Year 2021-22, (in a manner most beneficial to the assessee) of Mr.
Satya, a resident individual aged 42 years, where his total income is Rs 4,90,000 and the income comprises of
long term capital gains on sale of plot of Rs 1,00,000 and short term capital gains on sale of listed equity shares
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(STT paid) of Rs 2,90,000. Ignore the concessional provisions under section 115BAC.
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QUESTION 27 JULY 2021 (OS) 1 MARK

ABC Ltd., a domestic company brought back its 1000 equity shares listed on a recognized stock exchange.
Examine the taxability of the above transaction in the hands of the company and the shareholders
QUESTION 28 RTP NOV 2021

A building was acquired on 1.4.1995 for Rs 20,00,000 and sold for Rs 80,00,000 on 01.06.2020. The stamp
duty value on the date of transfer was Rs 85,00,000. The fair market value of the building on 1.4.2001 was Rs
25,00,000. Its stamp duty value on the same date was Rs 22,00,000. Determine the capital gains on sale of such
building for the A.Y. 2021-22? Cost Inflation Index for F.Y. 2001-02: 100; F.Y. 2020-21: 301
(a) Rs 13,78,000 (b) Rs 18,78,000 (c) Rs 9,75,000 (d) Rs 4,75,000
QUESTION 29 MTP 2 NOV 2021 – same as QN 16
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QUESTION 30 MTP 2 NOV 2021
Mr. Raj is carrying on business of manufacture and sale of art-silk cloth. He purchased machinery worth Rs. 4
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lacs on 1.5.2017 and insured it with United India Assurance Ltd against fire, flood, earthquake etc., The written
down value of the asset as on 01.04.2020 was Rs. 1,87,850. The insurance policy contained a reinstatement
clause requiring the insurance company to pay the value of the machinery, as on the date of fire etc., in case of
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destruction of loss. A fire broke out in August, 2020 causing extensive damage to the machinery of the assessee
rendering them totally useless. The assessee company received a sum of Rs. 4 lacs from the insurance company
on 15th March, 2021. Examine the issues arising on account on the transactions and their tax treatment. (Cost
inflation index for financial year 2008-09 and 2020-21 are 137 and 301 respectively). Ignore S. 115BAC
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QUESTION 31 MTP 2 NOV 2021 - IGNORE
Mrs. Neha transferred 100 shares of ABC (P) Ltd. to M/s. XYZ Co. (P) Ltd. on 10.9.2020 for Rs. 3,00,000
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when the market price was Rs. 5,00,000. The indexed cost of acquisition of shares for Mrs. Neha was computed
at Rs. 4,30,000. The transfer was not subjected to securities transaction tax.
Determine the income chargeable to tax in the hands of Mrs. Neha and M/s. XYZ Co. (P) Ltd. because of the
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above said transaction

Mr. Ramesh, a property dealer, has developed an independent floor of 4 residential units. He sold one of its
residential units to Mr. Vikas, who is a dealer in spare parts, for Rs 55 lakhs on 01.06.2021. The agreement
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was, however, entered into on 01.04.2021. Mr. Ramesh had received a down payment of Rs 5 lakhs by an
account payee cheque from Mr. Vikas on the date of agreement. Mr. Ramesh sold remaining 3 residential units
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to Mr. Raj, Mr. Ashok and Mr. Ashish for Rs 60 lakhs each on 01.12.2021. All the units were transferred by
way of first time allotment.
The stamp duty value of each residential unit on various dates are as follows
01.04.2021 – Rs 65 lakhs
01.06.2021 - Rs 68 lakhs
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01.12.2021 – Rs 70 lakhs
Discuss the tax consequences of above transactions, in the hands of each one of them, viz, Mr. Ramesh, Mr.
Vikas, Mr. Raj, Mr. Ashok and Mr. Ashish.
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QUESTION 33 RTP MAY 2023

Mr. Suresh has a sole proprietory manufacturing unit. On 1st April, 2022, he owns Plant A and Plant B (rate of
depreciation 15%). Depreciated value of the block on 1 st April, 2022 is Rs 10,00,000. Plant B is transferred on
15th October, 2022 for Rs 19,00,000. Expenditure on transfer of Plant B is Rs 20,000. Plant C (rate of
depreciation 15%) is purchased on 10th March, 2023 for Rs 22,00,000. However, Plant C is put to use on 2nd
September, 2023 Business income of Mr. Suresh before claiming any depreciation is Rs 11,00,000.
On 1st March, 2023, Mr. Suresh transfers 900 equity shares in A Ltd. (unlisted) for Rs 23,50,000. Mr. Suresh
does not own any residential house property. These shares were purchased on 2nd April, 2015 for Rs 2,00,000.
To avail of the benefit of exemption under different sections, he made the following investments on 1st May,
2023.
(i) A residential house property at Kolkata: Rs 19,00,000 (out of which stamp duty expenditure is Rs 30,000).
(ii) NHAI bonds: Rs 3,00,000. Find out the gross total income of Mr. Suresh for the A.Y. 2023-24.
CII – F.Y. 2022-23: 331; F.Y. 2015-16:254

Mr. Kashyap, CEO of SHY Ltd., purchased a BMW of Rs 1.15 crores on 23rd September, 2019 for his personal
use. On 28.2.2023, he sold this car for Rs 1 crore and incurred an expenditure of Rs 2.74 lakhs for transferring
the ownership of car. Compute the taxable capital gain/loss, if any to Mr. Kashyap for the A.Y. 2023-24.
CII - 2019-20:289; 2022-23: 331
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(a) STCL Rs 0.1774 crores (b) LTCL of Rs 0.3445 crores (c) Nil (d) LTCL of Rs 0.317 crores
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Determine the capital gains/loss and tax liability, ignoring S. 115BAC, in the following scenarios for the A.Y.
2023-24 assuming the assessees does not have any other source of income:
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(i) On 12th December, 2022, 1,200 shares of X Ltd., a listed company are sold by Mr. Vishal, a non-resident, @
Rs 1,550 per share and STT was paid at the time of sale of shares. These shares were acquired by him on 25th
May, 2017 @ Rs 425 per share by paying STT at the time of purchase. The price at which these shares were
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traded in National Stock Exchange on 31st January, 2018 is as follows –
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(ii) Mr. Kabir, a resident aged 45 years, is the owner of residential house which was purchased on 1st August,
2020 for Rs 19,00,000. He sold the said house on 25th September, 2022 for Rs 24,50,000. Valuation as per
stamp valuation authorities was Rs 25,50,000 as on the date of sale. CII – 2020-21: 301; 2022-23:331
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Mr. Garg, aged 45 years and a resident in India, is having a total income of Rs 5,70,000 comprising of long
term capital gains taxable under section 112 of Rs 70,000, long term capital gains taxable under section 112A
of Rs 1,50,000, short term capital gains taxable under section 111A of Rs 1,00,000 and other income of Rs
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2,50,000. Compute his tax liability for A.Y. 2024-25 under the default tax regime under section 115BAC.
(a) Nil (b) Rs 5,200 (c) Rs 9,360 (d) Rs 19,760
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Mr. Rajkumar bought a residential house for Rs 5 crores in March 2016. He entered into an agreement for sale
of the said residential house with Ms. Nikita (not a relative) in July 2023 for Rs 17 crores. The sale proceeds
were to be paid in the following manner:
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(i) 10% through account payee bank draft on the date of agreement.
(ii) 80% on the date of the possession of the property.
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(iii) Balance after the completion of the registration of the title of the property.
Ms. Nikita was handed over the possession of the property on 10.11.2023 and the registration process was
completed on 05.02.2024. She paid the sale proceeds as per the sale agreement.
Value of property for stamp duty in July 2023 was Rs 19 crores. Subsequently, the State stamp valuation
authority had revised the values, hence, the value of property for stamp duty purposes was Rs 20 crores on
05.02.2024. Mr. Rajkumar paid 1% as brokerage on sale consideration received.
Subsequent to sale, he purchased another residential house for Rs 13 crores in Mumbai in March 2024.
You are required to compute the capital gains chargeable to tax in the hands of Mr. Rajkumar for A.Y. 2024-25.
What would be the capital gain, if any, in A.Y. 2025-26 if Mr. Rajkumar transfers the new residential house in
December 2024 for Rs 15 crores? CII: 2015-16: 254; 2023-24: 348

7 Capital Gains

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LEVEL UP WITH ANUSHREE

QUESTION 1 MCQ MTP MAY 2019 (2 MARKS)

QUESTION 3 CAPITAL GAINS MTP MAY 2019 (7 MARKS)

QUESTION 4 CAPITAL GAINS MTP MAY 2019 (1 MARK)

full value of consideration of this machine?

QUESTION 5 CAPITAL GAINS MTP MAY 2019 (2 MARKS)

QUESTION 8 CAPITAL GAINS MTP NOV 2019 (1 MARK)

(iii) Subscribed to NHAI bond: Rs 45 lakhs on 29-5-2020 and Rs 15 lakhs on 12-7-2020.

QUESTION 12 CAPITAL GAINS JAN 2021 (OS) (3 MARKS)

QUESTION 17 CAPITAL GAINS MAY 2019 (6 MARKS), MTP 1 NOV 2023

QUESTION 18 CAPITAL GAINS NOV 2020 (5 MARKS)

QUESTION 19 CAPITAL GAINS RTP NOV 2019

QUESTION 20 CAPITAL GAINS RTP NOV 2019, MTP 2 May 2023

QUESTION 21 CAPITAL GAINS STUDY MATERIAL

QUESTION 22 CAPITAL GAINS STUDY MATERIAL

QUESTION 23 JULY 2021 (6 MARKS)

QUESTION 24 (JULY 2021 4 MARKS) – can be ignored

QUESTION 26 JULY 2021 OS 2 MARKS

QUESTION 27 JULY 2021 (OS) 1 MARK

QUESTION 28 RTP NOV 2021

QUESTION 29 MTP 2 NOV 2021 – same as QN 16

above said transaction

QUESTION 32 RTP NOV 2022

QUESTION 33 RTP MAY 2023

QUESTION 33 RTP NOV 2023

QUESTION 34 RTP NOV 2023

QUESTION 34 RTP MAY 2024

QUESTION 34 RTP MAY 2024

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