Capital gan tex on property
Querist : Anonymous
i am working in a proprietorship firm, we purchased a property in 2008-09 in the name of propiertorbut booked in books as fixed assets, now we sold the same in 2011-12 and amt deposited in propritor personal a\c. in the same time we have purchase new property
now pls adice have we to pay capital gain tax
Querist : Anonymous
PROPERTY PURCHASE ON 07.02.2007 FOR RS. 575000 AND SOLD IT ON 16.5.11 FOR RS. 2200000
CAPITAL GAIN IS RS. 1625000.00 WE ARE PURCHASED A HOUSE FOR 2 AND 3 CRORE
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