Can we sale Building & Land separately where we have

Dear All,

one of the client had purchased  in the process of take over the Land & Factory Building apartent thereto disclosed as Work in Progress in the Balance sheet 

We have paid the consideration for aquisition of shares.

Now we want to sale the building & land separately ,

What shall be the consequences w.r.t Income Tax? Shall we have indexation on aggregate amount or shall we have to indexed only building & Not the Lnad