sold value 78lakhs
50% tds deducted on 17-18FY
50% tds deducted on 18-19FY
registration date April 4th i.e., 18-19FY
in which Financial year should I treat capital gains???
please advise
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CAPITAL GAINS
Replies (3)
Date of execution of agreement?
What documents executed for receipts of advance in 2017-18?
1% TDS deducted in 2017-18?
Exxecution of agreement is on march 2018.
advance received on march itself.
sale value 78lakhs
50% received that is 39lakhs received on march and 1% deducted in 17-18FY.
they have done payment by RTGS.
advance received on march itself.
sale value 78lakhs
50% received that is 39lakhs received on march and 1% deducted in 17-18FY.
they have done payment by RTGS.
When the agreement is executed in March, 2018..... As per section 2(47) of IT act, the transfer gets executed in March, 2018, itself.......
So, capital gains tax liability over full agreement value (though may not have received full amount) arises in FY 2017-18.....
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