Capital gains

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2016 Amount received on account of sale of property on 9/10/2015 but sale deed executed on 04/04/2016.Which Assesement Year will it be Taxed?

CA. Sunil Gokhale (Expert)
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24 July 2016 Gain is taxable in the year in which the property is transferred. As the deed was executed in 1916-17 it will be taxable in AY 1917-18.

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