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Capital gain effect
I have taken an advance against sale of house property. For which, buyer deducted tax @ 1%. But, execution of sale deed executed in the next A.Y.2018-19.
Now, for the A.Y.2017-18, shall I show the amount of advance not the sale and claim refund of TDS. Please advise when shall I pay long term capital gain tax for which A.Y.2017-18 nor A.Y.2018-19. Please advise.
Replies (1)
Sale transaction materialized in FY 2017-18, by way of registered sale deed.
Advance tax paid in FY 2016-17, may be carried forward for next Assessment year.
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