Example 1

Suppose an asset purchased for 30000 ,next month sold for 40000 

What is 

  1. Full Value of Consideration
  2. Cost of Acquisition
  3. Short Term Capital Gain  
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Example 2

Suppose an asset purchased for 30000 ,2000 spent on repairing,next month sold for 40000 

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Example 3

Suppose an asset purchased for 30000 ,2000 spent on repairing,next month sold for 40000 

Also Rs 1000 Commission paid to broker for Sale

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Full Value of Consideration XX
Expenses of Transfer XX
COA(Cost of Acquisition) XX
COI (Cost of Improvement) XX
Capital Gains XX
Exemptions u/s 54 etc XX
Net Income from Capital Gains XX


Full Value of Consideration (FVC)
This means the Selling Price i.e. the amount received on Sale of the Asset


Expenses of Transfer
It means the expenses incurred on Sale etc like Stamp Duty, Brokerage/Commission paid to Agent etc


Cost of Acquisition (COA)

It means the purchase price of assets.


Cost of Improvement (COI)

It means cost of improving the asset i.e. any cost of modification or enhancement of value of asset.



Suppose jwellery purchased for Rs 100000 on 10 April 2015.It was sold for Rs 130000 on 20 March 2016
Compute Capital Gain

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Suppose Mr A  purchased Property for Rs 15 lacs on 10 April 2015. Mr A spent 8 lacs on construction of the house property, which was sold for Rs 40 lacs on 20 March 2016.
Compute Capital Gain

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Suppose In Q2 Mr A gave 1% commission to Broker on Sale of Property

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  1. Income Tax
  2. Income from Capital Gains
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Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 8 years. He provides courses for Maths and Science at Teachoo. You can check his NCERT Solutions from Class 6 to 12.