Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 30 July 2018
Date of execution of agreement?
What documents executed for receipts of advance in 2017-18?
1% TDS deducted in 2017-18?
Bhargav
(Business)
(106 Points)
Replied 30 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 30 July 2018
When the agreement is executed in March, 2018..... As per section 2(47) of IT act, the transfer gets executed in March, 2018, itself.......
So, capital gains tax liability over full agreement value (though may not have received full amount) arises in FY 2017-18.....
CAclubindia
