Taxability of Capital Gains

Direct Taxation

Vendor receives 90% Payment of consideration on sale of property before Sale Deed in the month of March 2021 Remaining 10% payment received in April 2021 after Sale Deed. Date of transfer executed in Sale deed dated 19/04/2021 Capital Gain is to be considered for FY 2021-22 right

Veera V

CA Final

★ 0

16-Nov-21 00:54

558

Answers (1)

When the asset is transferred in that previous year capital gain is taxable

Sudha Reddy

CA Final

★ 20K+

16-Nov-21 09:20