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Sale of vacant site capital gains applicable

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10 August 2020 I.t.return(non audited) filed person sales of vacant site value Rs:3,50,000/- Dt:20-03-2020 in f.y.2019-2020.
Question:
1.Assess sales of vacant site rs:3,50,000/- shown in I.t. return compulsory and capital gains applicable or not applicable
2. Assess mistake purchases of vacant site rs:1,70,000/- in f.y 2012-2013 not shown in balance sheet( not entered in books).
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CA KARAN SINGH

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CA KARAN SINGH (Expert)
10 August 2020 Yes Capital gain will be applicable.
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