I bought a house in pre-construction phrase in 2014 and took possession in 2017. I could not register the house as I moved to a different city and thus have decided to sell the house in 2018. Since the house is not registered I have to get the assignment done through the builder which unfortunately takes a lot of time. I signed the papers in Feb 2019 with the builder and new buyer deposited 10% of the sale amount to my account (including TDS paid to the Govt). The remaining amount would be paid and transaction closed this year.
How do I represent the transaction in my ITR? How do I manage the TDS across different year? Capital gains - what can be deducted and what can not be?
Appreciate your guidance/ help on the same.
CAclubindia
