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Capital gains

This query is : Resolved 

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.

15 January 2015 True and Fair principle: Show what is the truth. Pass the reversal entry and pass the Correct entries.


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