Cosideration Recd. under Tenancy Right
Querist : Anonymous
My client has recd Rs. 8 cr. in tenancy right in previous yearfor which no cost was incurred at the time of aquisition . I just wanted to know that whetthe that receipt is chargible under income tax. if yes whether loss from business can be set off against that receipt.
Iam in very urgent so please help me.
Pravin Singh
in this case entire sum recd will be charged to tax
loss fm business can be adjusted against the CG if the business is not one being speculation business and the loss is not a brought forward one
CA MANOJ GUPTA
JODHPUR
09828510543
Querist : Anonymous
pravin singh aca
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