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Paghadi redevelopment

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(Querist)
27 July 2022 We have a paghadi system, rented property in Mumbai. Now the property is going for redevelopment. We will enter into an agreement with the builder, making us tenant to owner. My query is , is capital gain tax applicable to us. If yes, what will be rate. The paghadi of Rs 8500 was paid in 1963. Can we take indexation into consideration?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 July 2022 Consider pagadi market rate as on 1st April 2001.

Apply indexation on it.
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