Treatment of Capital Gain Tax when spread over 2 financial years

Sheikh Zubair (Project Engineer) (30 Points)

16 July 2023  

Hi. 

I had agreed to sell a piece of land that i had held for more than 3 years in FY 22-23. I received around 70% of the payment before march 31 and some of the payment is still due which would be made during current FY. I want to know how to to file the return for previous FY with regard to the 70% payment that i had received. The ownership of the land is yet to be transferred.