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AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 97 Topic 10 Discussion

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AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 97 Topic 10 Discussion

CTEP Exam Topic 10 Question 97 Discussion:
Question #: 97
Topic #: 10

Lokesh purchased a flat on 1-4-1996 for Rs. 10,00,000/-. He sells the same flat on 1-10-2006 for Rs. 25,00,000/-. As a CTEP calculate the Indexed Cost of Acquisition on which capital gain would be calculated. (The CII of year 1995-96 is 281, for year 1996-97 is 305, for year 2005-06 is 497 and for year 2006-07 is 519).
A.

Rs.17,01,639

B.

Rs.18,46,975

C.

Rs.17,68,683

D.

Rs.16,29,508

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Actual exam question for AAFM CTEP exam by Orin51058 at Aug 6, 2025, 10:40:41 AM

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