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Querist : Anonymous

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Querist : Anonymous (Querist)
21 June 2013 I have recieved a property in gift from my father in 12-13 worth Rs.10000.I sold the property in 12-13 for Rs.250000.In the same year i purchased a peoperty for Rs.400000.
Now what are the amounts to be debited and credited to my capital acount.
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Rupesh Jain

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Rupesh Jain (Expert)
21 June 2013 creit Rs. 10000/- as gift
and profit of rs. 240000 also credit

and rs. 400000/- debit as new property

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