Q$.$ No$.3$

Mr$.$ S$.$ Krishna received a gift of a house in Nov. $2007$ from Mr$.$ K$.$ Hegde who had purchased it in Nov. $1997$ for $6,30,000.$ Mr$.$ K$.$ Hegde renovated the house in March $1998$ at a cost of $2,70,000.$ Its FMV on $1-4-2001$ was $10,00,000.$ In $1998-99$ Mr$.$ K$.$ Hegde had agreed to sell the house and had received $1,00,000$ as advance money. The sale could not materialise and advance money was forfeited. The house was further renovated in $201011[$C$.$III. $=167]$ at a cost of $2,00,000.$ Mr$.$ Krishna sold the house in December $2022$ for $35,60,000$ and paid $60,000$ as brokerage. Compute his taxable capital gain if C$.$I.I. for $2001-02$ was $100,$ for $2007-08$ was $129$ and for $202223$ it is $331.$

$[$Adapted C$.$A$.($Final$)]$