Capital gains
This query is : Resolved
01 July 2016
Hi..
Please answer for my query.
If an assessee has entered into an agreement to sell the house propery in the previous year(2015-16) but he has received total payments in the Assessmet year( after 31/03/2016). so let me know in which year he is liable to pay tax on Capital Gains???
Please answer for my query.
If an assessee has entered into an agreement to sell the house propery in the previous year(2015-16) but he has received total payments in the Assessmet year( after 31/03/2016). so let me know in which year he is liable to pay tax on Capital Gains???
02 July 2016
He is liable to pay tax on capital gain in the year of registration of sale deed. Agreement to sell date will not be considered for capital gain purpose.
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