Capital gain (open space and road )

khalid (soical work) (222 Points)

21 July 2023  
I have 100000 sq ft area which i converted into small plots.

due to government rules I have transferred 40000 sq ft to government for open space and for roads.

i have remaining only 60000 sq ft .

now i sell 10 plots from this area.

for purpose calculation open space and road cost are considered as expenses for land.