Mr. X earned income of ₹ 5,00,000 from long term capital gain and lost ₹ 2,00,000 as short term capital loss. His taxable income as long term capital gain would be:
A. ₹ 5,00,000
B. ₹ 3,00,000
C. ₹ 2,00,000
D. Nil
Answer:B
Mr. X earned income of ₹ 5,00,000 from long term capital gain and lost ₹ 2,00,000 as short term capital loss. His taxable income as long term capital gain would be:
A. ₹ 5,00,000 B. ₹ 3,00,000 C. ₹ 2,00,000 D. Nil