The following are the details of incoming and outgoing about of various non-chargeable assets of Mr. Puskar for the previous income year. Gain on…
2024 · Solved Question with Answer
The following are the details of incoming and outgoing about of various non-chargeable assets of Mr. Puskar for the previous income year.
Gain on sales of shares Rs 1,200,000
Loss from non-chargeable business assets last year Rs 200,000
Purchase of share Rs 1000,000 sold for Rs 1,300,000 (Non-listed – 2 years ago)
Required: Capital gain or loss from non-chargeable business assets and tax liability.