Levy of Income Tax in case of Post dated Cheque

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  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
     
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