ONE OF MY CLIENT PURCHASED AN AGRICULTURAL LAND HE IS DEVELOPING THE LAND AND SELL ONE BY ONE IN THIS YEAR NOW HOW TO CALCULATE CAPITAL GAIN ON SALE HOW TO DETERMINE EXPENDITURE TO REDUCE THE CAPITAL GAIN TAX. BECAUSE NEARLY 50 PLOTS WILL BE DEVELOPED ALMOST HE RECEIVED MAXIMUM AMOUNT IN CASH. DOES HE NEED TO OBTAIN GST REGISTRATION OR NOT ONLY HE HAS TO PAY INCOME TAX ON SALE OF PLOTS.
but the expenses spent on developing the land while deducting the expenses capital gain because the sale proceeds one by one how to put to gather all expenses. and he received sale amount in advance by cash
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