assessee is a developer. menthod of accounting- mercantile. he sold a flat to party , registration has been done in financial year 2012-13. but he has taken the sale next financial year on the ground that one cheque has been credited in the next financial year. can the assessee's claim can be considered for taxation purpose
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Answer Posted / Pinky Mathuria
In general, the transaction would likely be considered for tax purposes based on the date of registration of the sale, which is in the 2012-13 financial year according to the provided information. However, specific tax regulations and laws may vary, so it's advisable to consult a tax professional or relevant authorities.
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