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i purchased a plot in sector I-12 ISLAMABAD IN july 2016 in 15 lac and shown as per FBR value
Sold the same in Feb 2017 in 35 lac (Within same financial year where FBR value doesnt change)
Total gain/ profit is 20 lac which was again declared as same while selling
Also paid 1% as seller of filer according to 236C
Now its time to file return of the year and Gain within same financial year (20 Lac)is subject to CGT or NOT in view of above referred method No 3?
If No then OK
If YES then how..?
Kindly Brief.
Regards

Tax
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Dear Imran,

As you have declared your capital gains, the tax is applicable on your transaction at 10% of profit. Which in your case comes upto approx 2 Lacs. You have also paid the advance income tax as per section 236 C so you can deduct that from the 2 Lacs and pay the remaining amount.

Jazak Allah

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