When to tax ltcg
This query is : Resolved
nikita Agarwal
(Querist)
03 July 2015
i executed an agreement to sale of residential house in year 2013-2014 but sale deed got registered in 2014- 2015 then in which year capital gain taxable?
CA. Sunil Gokhale
(Expert)
03 July 2015
The capital gain is taxable in P.Y. 2013-14.
Nikhil Kaushik
(Expert)
03 July 2015
if the possession was not handed over in 2013-14, then it will be taxed in 2014-15 only when the sale deed was registered.
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