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Section B (2 Mark)Mr.

Section B (2 Mark)

Mr. A purchased certain shares of a company during the financial year 1987-88 for a sum of Rs.1,50,000/-. A sold the shares during the financial year 2011-12 for Rs.8,10,000/- when the market is at all time high. Calculate the amount of capital gains. [CII-12-13: 852,11-12: 785,10-11:711]

A.

Rs.25000

B.

Rs.56511

C.

Rs.46180

D.

Rs.60569

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