Please help!-tricky ltcg issue

Your father purchased a plot few or many years ago. He gifted the plot to you with a Gift deed duly stamped and registered. Now you have divided the plot into 4 equal parts. Out of 4 parts, you sold 3 parts to 3 different buyers.

I think since you are have sold all 3 parts of the plot in the same financial year, you should be able to take the aggregate value and compute your long term capital gain because the sale consideration received is in the same year and you will have to show all 3 sales in your ITR of the same AY.

Wait for others to reply. 

Thanks Mihir. Can any other memeber please help me out on this one?

No one for a little advice/help? come on members, you advice can mean a lot to me...!

Dear user,

Exemption will be available to you as the reverse case was there and it was held that exemption will be available if with the receipts of sale of residential property invested in purchasing 2 units which are adjacent to each other then exemption cannot be withdraw on the ground that different units are purchased.

So referring to the same grounds exemption will be available to you as your purpose is to sale a single unit and invest in the single residential property irrespective that the amount from sell is received from different parties.

Thanks & Regards

Amber Jain