Dr. Sam sold vacant land to Mr. Roy for ₹ 36 lakhs. For stamp-duty purposes, the value of land was ₹ 41 lakhs. The indexed cost of acquisition of land was computed at ₹ 20 lakhs. The taxable long-term capital gain would be:

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Question:Dr. Sam sold vacant land to Mr. Roy for ₹ 36 lakhs. For stamp-duty purposes, the value of land was ₹ 41 lakhs. The indexed cost of acquisition of land was computed at ₹ 20 lakhs. The taxable long-term capital gain would be:

1.₹ 21 lakhs

2.₹ 16 lakhs

3.₹ 5 lakhs

4. ₹ 20 lakhs

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  1. Dr. Sam sold vacant land to Mr. Roy for ₹ 36 lakhs. For stamp-duty purposes, the value of land was ₹ 41 lakhs. The indexed cost of acquisition of land was computed at ₹ 20 lakhs. The taxable long-term capital gain would be:
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