Shares

Mr. Arjun holding 1000 shares of X Ltd acquired on 01.07.2018 for ₹ 600 per share, sold 500 shares to

Mr. Shaurya, on 01.05.2019 for ₹ 550 per share. X Ltd. declared dividend @ ₹ 65 per share on 20.07.2019,

being the record date for declaration of dividend. Mr. Shaurya sold 300 equity shares at ₹ 475 per share on

28 09.2019 and the balance 200 equity shares at ₹ 450 per share on 28.10.2019. Apart from above

mentioned information, Mr. Shaurya was having only long-term capital gains from sale of unlisted shares of

₹ 50,000. Assuming that Mr. Shaurya has no other income, his total income for A.Y. 2020 -21 is

(a)

₹ 7,500

(b)

₹ 27,000

(c)

₹ 50,000

(d)

₹ 30,000