A property sold on which LTCG arise..
but only part payment received and balance will reciece next year..
is capital gain tax consider on proportionate basis OR on full value of property sale basis??
kindly guide..
Menu
Capital gain tax on property fir which only part payment received??
Replies (5)
Not to consider on proportionate basis. Entire capital gain is taxable in the year of sale.
Full sale consideration should be considered
You have to show capital gain in current year considering full value of consideration.
Full sale value should be considered for calculation of CG
Sale agreement made in which year ?
Recent Topic
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
Related Topics
CAclubindia
