When shares of a listed company held for more than 36 months are transferred privately for ₹ 8 lakh, with original cost of acquisition of ₹ 1 lakh whose indexed cost: of acquisition is ₹ 2 lakh the income-tax payable would be –
A. ₹ 1,44,200
B. ₹ 72,800
C. ₹ 1,24,800
D. ₹ 61,800
Answer:C
When shares of a listed company held for more than 36 months are transferred privately for ₹ 8 lakh, with original cost of acquisition of ₹ 1 lakh whose indexed cost: of acquisition is ₹ 2 lakh the income-tax payable would be –
A. ₹ 1,44,200 B. ₹ 72,800 C. ₹ 1,24,800 D. ₹ 61,800