Question

during the year sri gajanana sold the following assets: a) Residential house purchased for Rs 760000 in December 2017 sold for Rs 800000 in march 2020 b) residential house purchased in July for Rs 45000 sold for Rs 2000000 in January 2020 of which he purchased a new house for Rs 800000 and Rs 50000 were invested in NABARD Bonds c) self cultivated agricultural land in patna purchased on 1st January 1999 for Rs 120000 sold on 1st February 2020 for Rs 550000 He bought new agricultural land for Rs 150000
d) machinery purchased in 2007 for Rs 20000 of WDV on 1st April 2019 Rs 6000​

Answer 1

Answer:

during the year sri gajanana sold the following assets: a) Residential house purchased for Rs 760000 in December 2017 sold for Rs 800000 in march 2020 b) residential house purchased in July for Rs 45000 sold for Rs 2000000 in January 2020 of which he purchased a new house for Rs 800000 and Rs 50000 were invested in NABARD Bonds c) self cultivated agricultural land in patna purchased on 1st January 1999 for Rs 120000 sold on 1st February 2020 for Rs 550000 He bought new agricultural land for Rs 150000

during the year sri gajanana sold the following assets: a) Residential house purchased for Rs 760000 in December 2017 sold for Rs 800000 in march 2020 b) residential house purchased in July for Rs 45000 sold for Rs 2000000 in January 2020 of which he purchased a new house for Rs 800000 and Rs 50000 were invested in NABARD Bonds c) self cultivated agricultural land in patna purchased on 1st January 1999 for Rs 120000 sold on 1st February 2020 for Rs 550000 He bought new agricultural land for Rs 150000d) machinery purchased in 2007 for Rs 20000 of WDV on 1st April 2019 Rs 6000