Capital Gains on Land Transfer: Deed Execution Date, Not Registration, Triggers Tax u/s 45 of Income Tax Act.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Reopening of assessment - capital gain addition - transfer of land - the capital gain u/s 45 arises in the year of execution of deed and not when the same was registered with the office of the Sub-Registrar - HC....