Tax on sale of a car

asked Jan 22, 2018 in Income Tax by Amal
I am an employee of a company. I had a car which I had purchased for Rs.4 million in 2014 which I sold in 2017 for Rs.4.5 million.  I bought a replacement car for Rs.7.5 million Is there any tax implications of these transactions? Are their any capital gain taxes involved?

Thanks in advance

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