Sale of vacant site
This query is : Resolved
07 August 2020
I.t. Assess sales of vacant site value rs.3,40,000/- Dt:20-03-2020 in f.y.2019-2020.
This site purchases value rs.1,70,000/- Dt:02-05-2011 in f.y.2011-2012.but mistake purchases of site value not (not entered in books)shown in I.t. returns.
Question:
1.Assess sale of site Value rs.3,40,000/- amount f.y.2019-2020 shown in i.t. returns compulsory or not.
2.How to adjustment producure purchases of site value in I.t. returns.
This site purchases value rs.1,70,000/- Dt:02-05-2011 in f.y.2011-2012.but mistake purchases of site value not (not entered in books)shown in I.t. returns.
Question:
1.Assess sale of site Value rs.3,40,000/- amount f.y.2019-2020 shown in i.t. returns compulsory or not.
2.How to adjustment producure purchases of site value in I.t. returns.
08 August 2020
yes, Show directly in capital gains
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