https://www.taxtmi.com/article/detailed?id=16281 Transfer of an immovable capital asset is treated as occurring when possession is handed over or retained by the buyer, not when consideration is paid in instalments or in full. For capital gains computation, the assessable year is the financial year in which possession passes, because the transaction becomes a transfer only at that stage. The same timing governs the buyer's indexation base year where the property is later transferred. en-us Sat, 25 Apr 2026 16:29:33 +0530 Sat, 25 Apr 2026 16:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16281 Transfer of an immovable capital asset is treated as occurring when possession is handed over or retained by the buyer, not when consideration is paid in instalments or in full. For capital gains computation, the assessable year is the financial year in which possession passes, because the transaction becomes a transfer only at that stage. The same timing governs the buyer's indexation base year where the property is later transferred. Articles Income Tax Sat, 25 Apr 2026 16:29:33 +0530 https://www.taxtmi.com/article/detailed?id=16281