expenses in relation to sale_capital gain
This query is : Resolved
15 May 2010
A tenant has been occupying a propoerty for more than 25 yrs. He has been paid certain amount to relinquish his right to property under the tenancy rights. Whether such amount paid to tenant is allowed as an expense in relation to sale for the purpose of calculating long term capital gain on sale of the said propoerty?
Please guide.
Please guide.
15 May 2010
Yes, As per my opinion, it will be expenses in relation to sale and will be allowed as an expense in relationto sale for calculating LTCG.
Other expert's views are solicited.
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