Sale of Property

Dear Friends & Experts...

Please help me............

Case - I : - If anybody sale property in F.Y. 2010-11 and received all payment 

and if registry is made in F.y. 2011-12 then when will be the capital gain taxable...

Capital Gain is taxable in the year of receive of payment or in the year when the registry is made.

Case - II :-

and also if the poseession is given in F.y. 10-11 then what will be the traeatment 

or if possession is given in F. Y. 2011-12 the what will be the treatment...

 

Please suggest as soon as possible....

 

Thanks, 

Varun Arora

varunarora28 @ yahoo.co.in

09888777804


Replies (3)

 

When you will recd payment towards sale in that year it will taxable.

Reply to case - I : Capital Gain will be taxable i the year of receipt of payment and not when property is transferred. 

Please reply more on this topic.....

 

Thanks,

 

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