banner_ad

Taxability of capital gains

Others 562 views 3 replies
User Avatar

Chartered Accountant
846 Points Posted on 27 March 2015

One of our client have sold his asset for which he is in receipt of Part consideration. ie in FY 14 - 15 & part will be received in FY 15 - 16 when the Agreement for the same would be signed. So in this case what would be the year of taxing capital gains?

3 Reply Share Follow
On 27 March 2015 at 13:04 Report
Replies (3)
User Avatar

-
644 Points Posted on 27 March 2015
I think capital gain would be charged in the year of agreement took place. So if any amount received from buyer, can be shown as advance recieved for property sale.
1 Reply
On 27 March 2015 at 13:44
User Avatar

-
644 Points Posted on 27 March 2015
Part consideration recieved need not required to deposit in capital gain a/c as it is advance recieved. U can keep it in saving a/c bcoz capital gain arise after agreement took place.
1 Reply
On 27 March 2015 at 17:11
User Avatar

-
644 Points Posted on 27 March 2015
Part consideration recieved need not required to deposit in capital gain a/c as it is advance recieved. U can keep it in saving a/c bcoz capital gain arise after agreement took place.
1 Reply
On 27 March 2015 at 17:12


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details