15 January 2015
Dear All One of my client has 3 lands A, B and C. During the year 2010-11 he sold 20% of land A and in accounts and ITR it was shown as Land A has been sold 100%. In the current year another 20% of Land A has been sold and the accountant has shown as 100% Land B sale. Please let me know what are tax implications and how can I rectify my records.
CAclubindia
