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..
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Capital gain tax on property fir which only part payment received??
Replies (5)
Quick Summary
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 ?
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