Question ID : 21166

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 ??

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