Incometax

Dear Sir, Kindly reply to my queries. If a builder is constructing a row house on his own plot for sale purpose , then is he required to show the value of plot in capital account in balancesheet? or it will appear on FixedAssets side.? Secondly, If the owner has income earned from abroad as he was NRI , say around 10lac , can the income be included in capital a/c along with the value of plot? Thirdly regular itr-4 can be used to file the returns or can it be filed under itr4s? as there was no sale for the first two years and it is shown under work in progress. Thank you .