Taxability of advance received

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student
167 Points Posted on 31 August 2021
I have received a advance for sale of property but actually property will be transferred next year what would be the taxability of advance received amounting rupees 500000
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On 31 August 2021 at 11:39 Report
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SEO Sai Gr. Hosp.
212475 Points Posted on 31 August 2021

Advance deposits not taxable. If TDS deducted, carry forward it to next AY.

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On 31 August 2021 at 12:45

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