Capital gain on property sale

rajender singh (accounts head) (37 Points)

07 June 2012  

i am working in propertiership firm, we purchased a land in 2008-09 in the name of propritor but in book as fixed assets

now we have sold the same in 2011-12,sold amt deposited in propertor a\c, in the same time we have purchased a new perperty in the of propertor ,

pls help is made capital gain tax