Capital gains
This query is : Resolved
sudarshan reddy k
(Querist)
23 February 2013
sir,
agreement to sale of land on 2011-2012 but consideration received on 2012-2013.whether capital gains applicable on 2011-12 or 2012-13.
agreement to sale of land on 2011-2012 but consideration received on 2012-2013.whether capital gains applicable on 2011-12 or 2012-13.
23 February 2013
Hi
In this case we have to consider Transfer of Property Act also.
If possession was granted then gains taxable i FY 2011-12.
Thanks!!
In this case we have to consider Transfer of Property Act also.
If possession was granted then gains taxable i FY 2011-12.
Thanks!!
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