.....Mr. X purchases a house property in December 1993 for ` 5,25,000 and an amount of ` 1,75,000 was spent on the improvement and repairs of the property in March, 1997. The property was proposed to be sold to Mr. Z in the month of May, 2006 and an advance of ` 40,000 was taken from him. As the entire money was not paid in time, Mr. X forfeited the advance and subsequently sold the property to Mr. Y in the month of March, 2018 for ` 52,00,000. The fair value of the property on April 1, 2001 was ` 11,90,000. What is the capital gain chargeable in the hands of Mr. X for the A.Y. 2018-19?2001-02 100 2006-07 122 2017-18 272
Dec. 08, 2017
