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Reporting capital gains in ClearTax

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    Shailesh Chaudhari

    Sold house in March’21. Transaction completed in 2020-21. But Bajaj Housing Finance Limited (BHFL) did not hand over DD of major chunk of total consideration in time for it to get deposited in my bank account during the same financial year. The DD will get deposited in my bank account in April 2021. The buyer has already done the TDS in advance in March’21 itself as required by BHFL. So now I am confused as to when and how is the taxation to be completed for this transaction? Please advise.

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