Capital gain booking FY

181 views 3 replies
User Avatar

11 Points Joined April 2017
if equity capital gains are booked in 21-22 FY , Amount credited in 22-23 FY in bank . Which year will be consider for calculating Capital Gains ?
0 Reply Share Follow
On 06 April 2022 at 12:49 Report
Replies (3)
User Avatar

Article Assistant
54 Points Joined August 2012
I can say that there is no any requirement where act wants that fund realised from shares selling must be credited in bank account for considering of Capital gain tax.
Reply
On 06 April 2022 at 13:54
User Avatar

Need help
695 Points Joined November 2021

It's the date of the transaction, not when you get the money.

Even if you never get the money, it's still a gain on the date of the transaction.

Reply
On 06 April 2022 at 14:15
User Avatar

28118 Points Joined May 2017
As per Accounting Standard revenue recognition is the year in which actual realization has taken place.
Reply
On 06 April 2022 at 15:40


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading