Capital gain on commercial property

Riyaz (accountant) (310 Points)

01 March 2014  

I sold my commercial property in FY 2012-13 for Rs. 6,35,000 which was bought in FY 1993-94 for Rs. 1,25,000

Now i purchased new commercial property in FY 2012-13 for Rs. 13,00,000

Should i am liable for Capital Gain Tax, if i keep it in Block of Assets, if not then how much capital gain?

Please Help.