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

 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 )