AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 81 Topic 9 Discussion

AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 81 Topic 9 Discussion

CTEP Exam Topic 9 Question 81 Discussion:
Question #: 81
Topic #: 9

Mukul 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/-. Please 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.17,85,129


B.

Rs.17,26,175


C.

Rs. 17,01,639


D.

Rs.17,45,508


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