18 July 2012
Mr.Darshit, the point is very in taxation, that, the sale deed has been registered in the F.Y.11-12, it means the agreed consideration has been received on or before the registration date, so one has to pay the capital gain on the transction during that financial year
18 July 2012
Mr. Anand Consideration has been recd on 10-7-12 also possession has allotted been on 11-7-12, so if the amount is not recd in FY 11-12 how can one pay tax. Further, possession factor has to be also considered for transfer of rights.
CAclubindia
