Income of tenant
This query is : Resolved
Querist : Anonymous
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.
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.
21 March 2014
it will be capital gain as he have surrendered his tenancy rights...
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Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2014
Thank you sir,
One more question
Could he get benefit under sections of 54EC or 54F ??
One more question
Could he get benefit under sections of 54EC or 54F ??
21 March 2014
only for long term capital gain it is allowed.
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