Payment for sale in March and Sale deed registration to be done in April

This query is : Open

Venkatesan V (Querist)
Follow

17 March 2026 Hello All,

Have entered into an agreement with a buyer to sell my apartment jointly owned by me and my wife. The agreement done on 20th Feb is not registered but was mutually agreed to be completed in 30 days.

The only thing i am particular was to complete the sale deed registration before this Financial year 31st March 2026.

The buyer (he is actually known to me) says he actually wanted to complete the sale before 15th March as somebody says it is not auspicious to complete sale in month "Phalgun"?

Now there is some delay in his loan processing and some EC Index correction (minor detail in Encumbrance is typed wrong due to data conversion but sale deed is clear ) , which would mostly be done in a 1-2 days.

Buyer says he can make his part of payment this Month ,by issuing two cheques in the names both of us, and the loan part will given in a bankers cheque only to a single name at the time of Registration.

( received an answer earlier from an expert that there is no Capital Gains in this sale)

I would like to know what are the Tax implications , ITR filing issues (or any other issues )
a) if i received his payment part and Bank Loan part in March and Sale deed registered in March itself.
b) if i received his payment part in March and the Bank Loan part in April and Sale deed is registered in April.

Thanks

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok