Ltcg on sale of vacant sites
This query is : Resolved
31 May 2018
One of my clients had sold 4 of his vacant sites during F.Y 2017-18 and got Capital Gains on each site. He purchased a Residential Property for Rs. 1,50,00,000/- in the same F.Y 2017-18. His total LTCG of Rs. 36,72,000/- (3,43,000+2,60,000+69,000+30,00,000). How to reflect in IT Return i.e., 4 different entries or 1 single entry. Please advice to me and do the needful and oblige.
Nikhil Kaushik
(Expert)
01 June 2018
accumulated into a single entry would be sufficient.
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