How to calculate LTCG on land if payment is received in multiple years

1. Holding period will be from 2022 to Sep 2025
2. Exemption u/s. 54F can be availed if you invest in new HP purchase or constructed within next 2 or 3 years respectively.

Dhirajlal sir, thank you for your reply. Can you please tell me in filing ITR for year ending 31st March 2025 what will be the LTCG amount, since i only receive partial amount

Consider it as advance, no LTCG over it till you register sale deed. In AIS report (& schedule TDS in ITR) you can file such feedback.

The agreement of sale is not registered. Its just a stamp paper with sign from both parties. In that case will I have to pay LTCG on the money received till now. If yes, what is the calculation 

You cannot transfer any property (here land) without registered sale deed wherein adequate stamp duty is paid. Without it you cannot prove your stand anywhere.

Can someone please help answer the specific question?

Land purchase- Aug 2022 - 40 L

Agreed to sell land (verbal/sale of agreement paper on stamp paper. Not notarized etc). -  Dec 2024

Money received  70 L in Feb 2025

Rest 30 L will be received  in Sep 2025. (That is when sale deed and registry will be done)

In the ITR for year ending 31st March 2025 how much LTCG I will have to pay? 

When the possession of the land handed over?

Possession to land given to the buying party in Jan 2025. (Does any proof required for possession?)

Yes, without authentic proof it will not be considered.

What will not be considered.

Any claim of transferring the property based on possession.

These are the pertinent points:

1. Date of possesion and date of sale deed

2. Value of sale consideration, value of purchase of land

3. Exemption under Sec 54F

4. PROOF OF POSSESION OF PROPERTY.

Please also provide relevanh details of purchase of land.

@ Lokesh

Understand carefully what Dheerajlal ji has detailed out

1. Your 70L receipt from the buyer would be reported by the bank to Govt, and it would show up in your AIS. Should be already showing. Check in AIS, under whict SFT it is showing, that is very important.
2. Till the sale gets registered in Sept 2025, no TDS, so nothing to show in 26AS.
3. In your filing for AY2025-26, you cannot show anything about sale of the property.
4. The 70Lakh showing in AIS would have to be answered as Advance, if you get any query from the Income Tax department - to be answered as Dheerajlal ji has advised.
5. In IT Return for next assessment year, 2026-27, you would be able to report the sale, if sale is indeed registered in Sept 2025 and the TDS deducted for the total amount and deposited with the Govt. And you get Form 16B from the land buyer. Ensure that the TDS is deposited and you get the Form 16B from the buyer within 3 to 4 months after sale registration. You will need details in that form for filing your return next year.

Hope things are clear now.