Hello...
In which assessement year capital gains are taxable, when an individual enters in to an agreement to buy a land on 7th march 2012 and registered the land on 5th april 2012..
Hello...
In which assessement year capital gains are taxable, when an individual enters in to an agreement to buy a land on 7th march 2012 and registered the land on 5th april 2012..
Hello
Capital gain tax is levied in AY 2013-14 means year of registration not on year of agreement as per income tax capital gain tax is levied when capital assets transfer in PY and agreement to sell is not amount to transfer of capital assets.
| Originally posted by : Piyush Mittal | ||
 |
Date of agreement is relevant.. |  |
Please provide us the relevant book to substantiate your answer.
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