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This query is : Resolved
Querist : Anonymous
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.
Now what are the amounts to be debited and credited to my capital acount.
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
and profit of rs. 240000 also credit
and rs. 400000/- debit as new property
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