Capital gains
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2016
Amount received on account of sale of property on 9/10/2015 but sale deed executed on 04/04/2016.Which Assesement Year will it be Taxed?
CA. Sunil Gokhale
(Expert)
24 July 2016
Gain is taxable in the year in which the property is transferred. As the deed was executed in 1916-17 it will be taxable in AY 1917-18.
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