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)
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/-
SSGS and Associates
Chennai
CA Inter
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