I have purchased a Industrial Gala on 31-12-2009 in Vasai, Thane, Maharashtra, for Rs. 9,43,820/- [including stamp duty, registration fee, transfer fee, and brokerage] and sold on 15-06-2011 for Rs. 15,26,100/- [deducting transfer and brokerage] and purchased another Industrial Gala on 18-05-2011 for Rs. 10,92,500/- [including stamp duty, registration fee, transfer fee, and brokerage]. What are implications of capital gain tax and I had rented out the first Gala for Rs. 78,000/- pa in the Financial Year 2010-2011.
