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Capital gains urgent

This query is : Resolved 
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(Querist)
04 October 2013 dear experts
i have purchase plot rs. 500000 dt. 3-5-2012
and build complex 4 flat construction exp rs. 1500000
up to 31-3-13 only one flat sale rs. 725000
and agriment price (as janti )rs. 190000

my query is
what my capital gain ??
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
04 October 2013 You have to proportionate the expenditure incurred in 4 flats..
It will be a short term capital gain...

Sale consideration XXX
less:
Cost of the flat sold XXX

Short Term Capital Gain XXX
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CHHELU GOVALIYA

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CHHELU GOVALIYA (Querist)
04 October 2013 PLS ADVICE DETAILS
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
04 October 2013 Total exp. + Cost of the land /4

=500000+1500000/4

=500000

Sale Consideration 725000
less: Cost 500000

Short Term Capital Gain: 225000

No Exemption in respect of Short term Gain will be allowed...
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CHHELU GOVALIYA

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CHHELU GOVALIYA (Querist)
04 October 2013 but sale flate agreement is rs. 190000 only
pls guide
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