Capital gain-Partial consideration received.
This query is : Resolved
13 June 2022
Hi All
One of my clients has sold the property in FY 21-22 and received partial consideration on agreement to sell. Still Sale deed is pending and partial consideration is also not received. When is the capital gain calculations are to be made ? in FY 21-22 or FY 22-23.
Thanks in advance.
One of my clients has sold the property in FY 21-22 and received partial consideration on agreement to sell. Still Sale deed is pending and partial consideration is also not received. When is the capital gain calculations are to be made ? in FY 21-22 or FY 22-23.
Thanks in advance.
14 June 2022
Capital gains arises in FY 22-23 when sale deed is executed.
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