Computation of capital gain

Roopeshkumar L (Artical) (142 Points)

08 August 2012  

Hi All.........

 

Incase of capital Gain incase of "Capital assets Converted in to stock in trade"

 

One of my Client had own land, then he had converted in to Sites in that land and he had some sites.

now he is liable to pay capital gain but how to calculate the CG & Business Income..............................?

The value to be as proprinate to the Site portion of the Total Land......................?