Related to income tax

5. Determine the taxable Capital Gains in the following cases separately : (a) Ms. Sehajpreet purchased a house on 1-5-1995 for Rs. 4,60,000. She sold the house on 10-6-2017 (CII : 272) for Rs. 20 lakhs. On 14-7-2017, she purchased another house at Chandigarh for Rs. 4 lakhs. She did not own any other house property. (b) Mr. Kulbir sold a plot on July 10, 2017 (CII : 272) for Rs. 6,05,000; Cost of acquisition on June 15, 2007 (CII: 129) was Rs. 1,50,000; selling expenses amounted to Rs. 5,000. On August 10, 2017 he made the following investments : Purchase of bonds of NHAI notified u/s 54EC for Rs. 1,00,000 and also invests Rs. 3,50,000 in a residential house at Delhi on July 10, 2017. He does not own any other residential house