Mr. Kapoor purchased a residential house in January, 2021 for Rs. 80,00,000. He sold the house in April, 2022 for Rs. 94,00,000. In this case the gain of Rs. 14,00,000 arising on account of sale of residential house will be charged to tax under which of the following head?
1
Income from capital gains
2
Income from house property
3
Income from profits and gains from business or profession
4
Income from other sources