short term capital gain

ravi kant negi (Querist) 27 June 2011 This query is : Resolved
agreement to sell the land was done within 3yres of purchase of land and full amount of sale was taken. my quire is when shall i show the income from such sale, whether at the date of agreement to sell or at the date of registration.

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prabhakar singh (Expert) 27 June 2011
at the date of full amount of sale was taken.

soumitra basu (Expert) 28 June 2011
It is a question of fact.
If the possession of the land has been transferred from seller to buyer on the date of transfer, then at the date of agreement or transfer whatever later. Otherwise, on date of registration.

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