Mr Kapoor purchased a residential house in January 2021 for 80,00,000. He sold the house in April 2022 for 94,00,000. In this case the gain of rs 14,00,000 arising on account of sale of residential house will be charged to tax under which of the following head? | AIBE XVII 2023
Mr Kapoor purchased a residential house in January 2021 for 80,00,000. He sold the house in April 2022 for 94,00,000. In this case the gain...
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Mr Kapoor purchased a
residential house in January
2021 for 80,00,000. He sold the
house in April 2022 for
94,00,000. In this case the gain
of rs 14,00,000 arising on
account of sale of residential
house will be charged to tax
under which of the following
head? | AIBE XVII 2023
(a) Income from capital gains
(b) Income from house property
(c) Income from profits and
gains from business or
profession
(d) Income from other sources
Correct Answer: ( a )
