Can charlie declared his income on installment

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Question - Charlie sold to Delta a parcel of land classified as a capital asset located in the province of Tarlac for P6,000,000 on six equal semiannual installments of P1,000,000 each. The first installment will be paid on June 30, 2021, the second Installment six months after, and so on, until the final installment on December 31, 2023.

1. Can Charlie declare his income on installment? Whether your answer is yes or no, explain why.

2. Supposed the first installment is to be made on December 31, 2021 instead, can Charlie declared his income on installment? Whether your answer is yes or no, explain why.

Reference no: EM133064669

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