What is the correct sequence of steps involved in the calculation of long-term capital gains tax under the Income Tax Act 1961?
(A) Compute the full value of consideration received on transfer of the asset
(B) Deduct the indexed cost of improvement of the asset
(C) Deduct Expenditure incurred wholly and exclusively in connection with transfer of capital asset
(D) Deduct the Indexed cost of acquisition
(E) Multiply the resulting amount with the applicable long-term capital gains tax rate
1
(A), (B), (C), (D), (E)
2
(A), (C), (D), (B), (E)
3
(A), (D), (B), (C), (E)
4
(A), (B), (C), (E), (D)