Consider of circle rate in it act
This query is : Resolved
Kollipara Sundaraiah
(Querist)
12 December 2021
Sir,
Example assessee purchase of new flat booking and 80 percent amount payment in f.y.2018-19 .if a person flat registeration and balance amount pay in f.y.21-22.
Question:
Assessee purchase of property circle rate years 2018-19 or 21-22 will be considered in it act.
Example assessee purchase of new flat booking and 80 percent amount payment in f.y.2018-19 .if a person flat registeration and balance amount pay in f.y.21-22.
Question:
Assessee purchase of property circle rate years 2018-19 or 21-22 will be considered in it act.
Dhirajlal Rambhia
(Expert)
12 December 2021
IF THE PAYMENT WERE MADE BY CHEQUE OR BANKING MODE IN 2018-19, IN MOST OF THE CASES IT WILL BE CONSIDERED AS YEAR OF ACQUISITION.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- GSTR-9C filing
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Applicability of tax on invoice
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
