Radhey has sold his residential house on 11th Sept. 2020 for ₹ 75 lakh. The value applied by the Stamp Valuation Authority on the date of registration of the Conveyance Deed on 15th Sept. 2020 was ₹ 115 lakh. Radhey disputed the valuation made by the Stamp Valuation Authority and asked the departmental valuation officer to determine the value of the house on the date of registration of the deed. The departmental valuation officer determined the value of the house on the date of registration of the deed at ₹ 120 lakh. The sale value of the house to be taken for calculation of capital gain in AY 2021-22 as per section…………..shall be……..

Question:Radhey has sold his residential house on 11th Sept. 2020 for ₹ 75 lakh. The value applied by the Stamp Valuation Authority on the date of registration of the Conveyance Deed on 15th Sept. 2020 was ₹ 115 lakh. Radhey disputed the valuation made by the Stamp Valuation Authority and asked the departmental valuation officer to determine the value of the house on the date of registration of the deed. The departmental valuation officer determined the value of the house on the date of registration of the deed at ₹ 120 lakh. The sale value of the house to be taken for calculation of capital gain in AY 2021-22 as per section…………..shall be……..

1.50C, ₹ 115 lakh

2.50C, ₹ 120 lakh

3. 48, ₹ 75 lakh

4.45, Indexed cost of ₹ 75 lakh


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