Capital gain on sale of Agricultural land, Document registered, since buyer has no fund, on buyers request possession of the agricultural land not given. whether seller has to pay capital gain on the above transaction?
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Capital gain on sale of agructural land
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assuming it's not rural agricultural land, capital gain shall arise in the year in which transfer took place I. e. date of registration in your case. therefore you have to pay tax. it is immaterial whether amount in respect of such transaction is received our not.
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