AIBE question and official answer

AIBE XVII 2023 Set C Question 32

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Question 32 of 100 AIBE XVII 2023 Set C

Mr. Kapoor purchased a residential house in January, 2021 for 80,00,000. He sold the house in April, 2022 for 94,00,000. In this case the gain of 14,00,000 arising on account of sale of residential house will be charged to tax under which of the following head?

  1. A Income from capital gains Official answer
  2. B Income from house property
  3. C Income from profits and gains from business or profession
  4. D Income from other sources

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