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)
Quick Summary
When booking equity capital gains in one financial year (FY) but receiving the funds in your bank account in a subsequent FY, the key date for capital gains tax calculation is the transaction date. The Act doesn't require funds to be credited to your bank account for tax purposes. While accounting standards recognise revenue upon realisation, for capital gains tax, the year of the transaction is generally considered, irrespective of when the money physically arrives.

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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details