capital asset

Pardeep Garg (CA-Final Student) (801 Points)

07 November 2017  
Land purchased on 5July,1995 for ₹5,00,000 & thereafter house built on the land in 1996-1997 which costs ₹ 2,00,000.What will be the cost to be deducted from sale price for computing capital gain if value of the house as on 1/04/2001 is : case(1). 6,00,000
case(2).4,00,000
??