Question ID : 44560

LTCG When Sale Consideration received in Installments

Capital Gain on Sale of Urban Agriculture Land Date of Sale :- 20/03/2023 Sale Consideration:- 1 crore (Only 20 lakhs is received till the date as agreed in registry and remaining will receive in March 24) Indexed Cost of Acquisition:- Rs. 3 lakhs Possession Given and Registry done on 20/03/2023 Seller wants to take Benefit of section 54B (Purchase of another agriculture land) but amount is not received till the date of return filing and even now. Please suggest what to do ??

posted by Ankit Vijaywargiya on Oct 14 2023 12:00AM