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Capital gain booking FY
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 ?
Replies (3)
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.
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.
As per Accounting Standard revenue recognition is the year in which actual realization has taken place.
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