Paghadi redevelopment
This query is : Resolved
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?
27 July 2022
Consider pagadi market rate as on 1st April 2001.
Apply indexation on it.
Apply indexation on it.
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