Rajat purchased a car for his personal use for ₹ 5,00,000 in April 2018 and sold the same for ₹ 5,50,000 in July 2018. The taxable capital gains would be -…………..
A. Nil
B. ₹ 5,50,000
C. ₹ 50,000
D. ₹ 4,00,000
Answer:A
Rajat purchased a car for his personal use for ₹ 5,00,000 in April 2018 and sold the same for ₹ 5,50,000 in July 2018. The taxable capital gains would be -…………..
A. Nil B. ₹ 5,50,000 C. ₹ 50,000 D. ₹ 4,00,000