Ms. Smita inherited a vacant site land consequent to the demise of her father on 10th June 2013. The land was acquired by her father on 10th April 1995 for ₹ 40,000. The fair market value of the land on 1 st April 2001 was ₹ 60,000 and on the date of inheritance, Le. 10th June 2013 was ₹ 2,00,000. The cost of acquisition for Ms. Smita is

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Question:Ms. Smita inherited a vacant site land consequent to the demise of her father on 10th June 2013. The land was acquired by her father on 10th April 1995 for ₹ 40,000. The fair market value of the land on 1 st April 2001 was ₹ 60,000 and on the date of inheritance, Le. 10th June 2013 was ₹ 2,00,000. The cost of acquisition for Ms. Smita is

1. ₹ 10,000

2. Nil

3. ₹ 60,000

4.₹ 2,00,000

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  1. Ms. Smita inherited a vacant site land consequent to the demise of her father on 10th June 2013. The land was acquired by her father on 10th April 1995 for ₹ 40,000. The fair market value of the land on 1 st April 2001 was ₹ 60,000 and on the date of inheritance, Le. 10th June 2013 was ₹ 2,00,000. The cost of acquisition for Ms. Smita is
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