Property sold and half payment received in F.Y. 2020-21 (current year) through the sale agreement but registry and other half of payment will be done in F.Y. 2021-22 (next year).
Q1: In which year the property is deemed to have been sold, F.Y. 2020-21 or F.Y. 2021-22 ?
Q2: What will be the sales consideration, half price or full price ?
One more query, how much amount should be deposited in the Capital Gains account, full sales consideration or only the capital gain part ?
Thanks & Regards