Capital gains are chargeable to tax in year of execution of sale deed; registration of sale deed is irrelevant

INCOME TAX : Where assessee sold two shops for a sale consideration of certain amount and sale deed was executed on 10-8-2009, capital gain from sale would be brought to tax in assessment year 2010-11 and not in assessment year 2011-12 on ground that sale deed was registered on 26-6-2010INCOME TAX : Where assessee sold two shops for a sale consideration of certain amount and sale deed was executed on 10-8-2009, capital gain from sale would be brought to tax in assessment year 2010-11 and not in assessment year 2011-12 on ground that sale deed was registered on 26-6-2010www.taxmann.com Latest Case LawsRead More

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