Wednesday, 7 August 2013

Cap gains to be assessed in year of transfer of possession even if sale deed is registered subsequen

IT: Where sale deed was executed in 2001, and sales consideration and possession of property also took place in year 2001, transfer took place in year 2001 and therefore capital gain was required to be assessed in assessment year 2002-03 and not in assessment year 2004-05


No comments:

Post a Comment