Levy of Income Tax in case of Post dated Cheque

Share This Thread
  1. sir i am purchasing aggriculture land in jan 15 by giving postdated check of aprill15 becouse of shortage of money by registred sale deed what willbe incometax aplicabilty or i pay check of jan 2015 and sellar encash in aprill2015
    Last edited: Jan 9, 2015
  2. Parul_Gupta

    Parul_Gupta Active Member

    Even though you are giving a post dated cheque, it would be assumed that the property has been purchased in Jan 2015 as the sale deed was registered in Jan 2015
  3. in my balance sheet can i debit in aprill 15 i.e. next finacial year
Draft saved Draft deleted
Similar Threads Forum Date
how to apply equalization levy along with DTAA Income Tax Jul 25, 2016
Equalisation Levy @6% on Youtube Ads Income Tax Jun 15, 2016
Levy of cpital gain as per sec 50C Income Tax May 1, 2016
STCG less than amt exempted from levy of Tax Income Tax Jul 6, 2015
Income Tax on Delay Penalty adjusted by builder in final demand Income Tax Nov 14, 2018