Sale Proceed of Urban Agri. Land received in Advance in FY 24-25 but Registry is made in next year
This query is : Resolved
13 November 2025
One person agreed to sold urban agriculture land in FY 2024-25. 20% Advance amount is received in the same year but registry is done in Sept 2025.
When liability to pay capital gain will arise ?
When liability to pay capital gain will arise ?
13 November 2025
When was possession of land handed over?
14 November 2025
Possession given after final registry
14 November 2025
For FY 2024-25 the amount received would be treated as advance.
While the transfer transaction takes place in Sept. 2025; hence the capital gain would be liable in FY 2025-26.
While the transfer transaction takes place in Sept. 2025; hence the capital gain would be liable in FY 2025-26.
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