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Advance against property sale

This query is : Resolved 
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(Querist)
18 April 2026 Sir,
I took an advance of 25 lakh against sale of flat in FA 25 - 26. I used the amount to pay advance to buy a property in Same FA 25 -26. However sale of my flat is scheduled in current financial year.
Is there a tax implication and do I need to show in ITR.
Thanks!
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 April 2026 Whether sale agreement was registered?
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