banner_ad

Capital gain tax on transfer of asset

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 August 2012 One of my client has entered into an Agreement to sell with Possession and received part amount before 01.04.2012 and the consideration entered as per applicable guideline rate. The balance amount received after 01.04.2012 and sale deed registration also completed as per applicable guideline rate after 01.04.2012. Whether he has to pay Capital Gain tax in the Assessment year 2012-13 itself as the Transfer of Asset with possession has been completed. Or he has to pay Capital Gain tax in the Assessment year 2013-14 as registration is completed after 01.04.2012. I am asking this question because, the guideline rate has been increase after 01.04.2012. Kindly give your valuable suggestions.
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
14 August 2012 You can show it in assessment year 2012-13. Take the help of transfer of property act section 53A
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details