Account entry for sale of house on which home is taken.

Gain on sales will be credited to capital ac?

If the house Building is for business purpose, after deducting Depreciation ( WDV from 1st April to date of sale) balance profit will be credited to profit and Loss account. . so 1,St entry will be

Bank A/c Dr 
Depreciation A/c Dr
To Asset ( Home) A/c Cr
To profit on Sale A/c Cr
( Asset sold , profit credited after Depreciation)

Profit  on sale  will be  transfer to  profit  & Loss  Account 

profit  on sale  A/c  Dr 

To  profit & Loss  A/c  Cr 

(  Profit  transfer to  P&L ) 

Depreciation will  be  transfer  to  P& L  entry 

Profit  & Loss  A/c  Dr 

To Depreciation  A/c  Cr 

(  Depreciation  transfer entry )