https://www.taxtmi.com/highlights?id=104733 On-money forming part of consideration for sale of flats accrues when the sale deed is executed and title transfers, rather than on mere receipt as an advance, under the project-completion method. Disclosed on-money offered in the respective years of sale-deed registration cannot be taxed wholly in the earlier assessment year without verifying later-year tax offerings. Balance additions require limited verification of income offered within the stipulated undertaking periods; verified amounts must be deleted, while amounts not offered may be taxed in the earlier year. No further deferment beyond those stipulated periods is permitted. en-us Fri, 09 Oct 2026 11:14:18 +0530 Fri, 09 Oct 2026 11:14:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104733 On-money forming part of consideration for sale of flats accrues when the sale deed is executed and title transfers, rather than on mere receipt as an advance, under the project-completion method. Disclosed on-money offered in the respective years of sale-deed registration cannot be taxed wholly in the earlier assessment year without verifying later-year tax offerings. Balance additions require limited verification of income offered within the stipulated undertaking periods; verified amounts must be deleted, while amounts not offered may be taxed in the earlier year. No further deferment beyond those stipulated periods is permitted. Highlights Income Tax Fri, 09 Oct 2026 11:14:18 +0530 https://www.taxtmi.com/highlights?id=104733