Sale of undisclosed land account treatment

hello
i have query about how to pass journal entry for undisclosed land that has been sold and please clarify it affect at time of income tax returns
Replies (2)
Quick Summary
This discussion addresses how to handle the sale of undisclosed land, specifically focusing on the correct journal entries required. It also seeks clarification on how this sale affects income tax returns, particularly concerning the disclosure and payment of SFT tax.

First disclose pay sft Tax

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