Please help compute capital gains and income tax payable

Terry (ceo) (59 Points)

12 March 2013  

The facts of the case are as follows

 

  1. A plot was purchased my me in April 2000 at cost of Rs 586000
  2. House was constructed on the same in the year 2002-03 at cost of Rs 750,000
  3. The house was sold in March 2013 for Rs 72 Lacs
  4. Expenses on sale including Transfer fees/ registration charges/ property dealer charges paid in Feb 2013 are Rs 669000
  5. I have purchased new house for Rs 12lacs, amount would be paid in April 2013
  6. Please help me compute Long Term Capital Gains and the Income Tax Payable if any