Question ID : 38021

SEC 194IA

Dear Sir, We have received an consideration of Rs 2 Cr from a party against sale of land on 29/09/2018. The party has not entered into verbal agreement that it will do the registry in May 2019. We have handed over the possession to the party. So you are requested to kindly guide in which year we should account for the income A/y 2019-20 to A/y 2020-21.

posted by VIPIN GUPTA on Mar 7 2019 12:00AM