Capital gain income

Assessee has received 25% amount in MARCH end 2022 and rest in APRIL 2022 and registration is done in APRIL 2022 bonds 54EC purchased in May 2022.
Is the sale shown in this year ITR as advance part payment received or in next year ITR as registration and rest of amount received in APRIL 2022 ?
Replies (3)
Quick Summary
This discussion clarifies the correct financial year for declaring capital gains tax. The consensus is that income from a property sale, even with advance payments received earlier, should be declared in the year of registration and final receipt of funds. It's advised to check the AIS for related transaction entries to ensure accurate reporting in your Income Tax Return (ITR).

Declare it in next FY 2022-23,. Check the related transaction entries in AIS also.

Okay Sir, Thanks for reply.

Most welcome..                

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