Capital gain
This query is : Resolved
15 May 2018
Residential house sold for Rs.21,00,000/-
Purchaser taken loan from Canfin.
Advance paid through cheque Rs.6,00,000/- paid on 10.03.2018
As per Bank procedure cheque for Rs.15,00,000/- prepared on 22.03.2018.
But given after hand over of documents on 10.04.2018 and cleared on 12.04.2018.
Registration done on 22.03.2018.
In this case capital gain consideration can be taken in FY 2018-19.
Purchaser taken loan from Canfin.
Advance paid through cheque Rs.6,00,000/- paid on 10.03.2018
As per Bank procedure cheque for Rs.15,00,000/- prepared on 22.03.2018.
But given after hand over of documents on 10.04.2018 and cleared on 12.04.2018.
Registration done on 22.03.2018.
In this case capital gain consideration can be taken in FY 2018-19.
15 May 2018
No, because sale deed is registered on 22.3.2018 and transfer for the purpose of
capital gains is that date.
capital gains is that date.
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