Capital gain tax
krutika
(Querist) 30 July 2013
This query is : Resolved
our firm pvt ltd company has entered into a sale deed registered in 2012 dec to sell a property the purchaser has paide 80% and balance 20% has not been received, conveyance is not given till date,in which financial year we have to pay the capital gain tax we have already paid about ten lakhs and which financial year we would have to pay the balance 2013 or 2014?
Anirudh
(Expert) 30 July 2013
You are confused.
You say that sale deed registered in 2012 Dec. You also say that conveyance is not given till date. (Both are contradictory terms.) Please clarify what exactly you want to say.
Please indicate whether you have given possession of the property to the buyer or not.
In any case, being a private limited company, have you not got your Chartered Accountant?
