P-1.Industrial gala purchase in Asset. Year 2004-05 of Rs. 11Lacs P-2. depriciation charged for 5 years upto A.Y. 2008-09 as gala use for business wdv Rs. 6.32Lacs P-3. in A.Y. 2009-10 business closed & gala given for rent P-4. A.Y. 2016-17 gala sold out Rs. 45Lacs & new assets purchase (office premises) of Rs. 55Lacs pl advise how to calculate capital gain (individual)
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Capital gain
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your question is not clear sir you bought asset for 11 lakhs and sold at 45 lakhs??
yes sil, purchase 11,00,000/- & sale 45,00,000/-
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