Capital gain (open space and road )

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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.
Replies (1)
Open space you will receive some amount as compensation.


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