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Income of tenant

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 March 2014 Hello experts,

Now the days it becomes usual practice for landlord that they have to pay to tenant a sum of rupee to vacant his house.
If landlord pays his tenant Rs.100000 to leave the house, then under which "head of income" such income will be taxable to the tenant?

Thanks in advance.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
21 March 2014 it will be capital gain as he have surrendered his tenancy rights...
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Querist : Anonymous

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Querist : Anonymous (Querist)
21 March 2014 Thank you sir,

One more question
Could he get benefit under sections of 54EC or 54F ??
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
21 March 2014 only for long term capital gain it is allowed.
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