Section 54 - tax filing year query

Tax queries 307 views 1 replies

Hi,

I have sold a property in April 2013 and have got possession of the new flat (which I plan to claim under sec 54) in April 2014. Do I have to declare capital gains under AY 2014-2015 (as I sold the property in April 2013) or under AY 2015-2016 (as I got possession in April 2014)? Please help

Thanks,

Vinod

Replies (1)
you need to show this in your otr under capital gain.


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