Capital gain implication?

CA SHIVANG SONI (CHARTERED ACCOUNTANT) (266 Points)

16 August 2017  

Hello Sir,

One of my client had purchased flat in 2011 for 70 lacs. and made payment by yearly installment approx 20 lacs.

now he has sold same flat for 1 crore in nov 2016. what will be capital gain implication in this situation ?

also they had invested bond u/s 54ec.