On 1.6.2020 Kamlesh transferred his vacant land to Raj esh for ₹ 12 lakhs. The land was acquired on 1.9.2017 for ₹ 3 lakh. The indexed cost of acquisition of the said land is ₹ 3,28,409. The taxable capital gain would be:

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Question:On 1.6.2020 Kamlesh transferred his vacant land to Raj esh for ₹ 12 lakhs. The land was acquired on 1.9.2017 for ₹ 3 lakh. The indexed cost of acquisition of the said land is ₹ 3,28,409. The taxable capital gain would be:

1.long term capital gain ₹ 8,29,091

2.short-term capital gain ₹ 9 lakhs

3.long-term capital gain ₹ 9 lakhs

4.short term capital gain ₹ 8.70 lakhs

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  1. On 1.6.2020 Kamlesh transferred his vacant land to Raj esh for ₹ 12 lakhs. The land was acquired on 1.9.2017 for ₹ 3 lakh. The indexed cost of acquisition of the said land is ₹ 3,28,409. The taxable capital gain would be:
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