Q203
X purchased a land in th PY 1997-98 for Rs. 50,000. This land was sold by him during the PY 2018-19 for Rs. 8,00,000. The fair market value of this land on 1st April 2021 was Rs. 1,20,000. It the cost inflation index for the AY 2019-20 is his capital gain for the AY 2019-20 will be
A.
Rs. 4,64,000
AnswerB.
Rs. 7,50,000
C.
Rs. 6,80,000
D.
Rs. 41,600
Answer: Option A
Solution
Answer: Option A
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