AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 7 Topic 1 Discussion

AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 7 Topic 1 Discussion

GLO_CWM_LVL_1 Exam Topic 1 Question 7 Discussion:
Question #: 7
Topic #: 1

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 CWM® 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.

17,01,639


B.

18,46,975


C.

17,68,683


D.

16,29,508


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