Raghav, a non-resident Indian aged 46 years, furnishes the following particulars of income earned by him in India during the previous year 2024-25:…

Raghav, a non-resident Indian aged 46 years, furnishes the following particulars of income earned by him in India during the previous year 2024-25: (a) Short-term capital gain (computed) on sale of equity shares of M/s ST Ltd., an Indian company -2,40,000. These shares were purchased in convertible foreign exchange on 01.06.2024 and sold on 30.09.2024 He invested the whole of the sale proceeds - 6,00,000 in the shares of M/s TU Ltd., an Indian company on 05.10.2024. STT has been paid on purchase and sale of these shares. (b) Long-term capital gain on sale of equity shares of M/s CD Pvt. Ltd., an Indian company - 4,00,000 (computed). These shares were purchased in convertible foreign exchange on 01.10.2021 and sold on 15.10.2024 for 8,00,000. Out of the sale proceeds, he further purchased the shares of M/s Y Ltd., an Indian company for 5,50,000 on 31.02.2025. (c) Dividend received (gross) from M/s ST Ltd. and M/s CD Pvt. Ltd. - 90,000. Assume that he opts out of the default tax regime. Ignore the effect of foreign currency fluctuation.