Rajat purchased a car for his personal use for ₹ 5,00,000 in April 2020 and sold the same for ₹ 5,50,000 in July 2020. The taxable capital gains would be

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Question:Rajat purchased a car for his personal use for ₹ 5,00,000 in April 2020 and sold the same for ₹ 5,50,000 in July 2020. The taxable capital gains would be

1.Nil

2.₹ 5,50,000

3. ₹ 50,000

4.₹ 4,00,000

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  1. Rajat purchased a car for his personal use for ₹ 5,00,000 in April 2020 and sold the same for ₹ 5,50,000 in July 2020. The taxable capital gains would be
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