Hi Experts,
My friend has purchased and sold 2 sites in bangalore in the same financial year 2015-2016. is it required to show seperately the cost of acquisition and full value of consideration received or we can consolidate both the sites values in the cost of acquistion and sale value in CG sheet. I did not find the multiple rows in the CG sheet to show capital gain on sale of couple of sites
thanks in advance
Kind regards
Prashanth
You can combine them, provide both are of same catagory.
thanks a lot to both of you for quick reply
Kind regards
Prashanth
thanks a lot to both of you for quick reply
Kind regards
Prashanth
Jawahar and Associates Chartered Accountants
Hyderabad
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