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Capital gains

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(Querist)
23 February 2013 sir,

agreement to sale of land on 2011-2012 but consideration received on 2012-2013.whether capital gains applicable on 2011-12 or 2012-13.
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@VaibhavJ

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@VaibhavJ (Expert)
23 February 2013 Hi

In this case we have to consider Transfer of Property Act also.

If possession was granted then gains taxable i FY 2011-12.

Thanks!!

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