1. Determine income from capital gains and exemption available to Mr. Gopal for purchasing residential plot considering benefit of the assessee.
Options
ALong-term capital gain of ` 15,00,000 after no exemption.
BLong-term capital gain of ` 8,47,003 after no exemption.
CLong-term capital gain of ` 3,47,003 after claiming exemption of ` 5,00,000 u/s 54.
DLong-term capital gain of ` 12,00,000 after claiming exemption of ` 5,00,000 u/s 54.
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