Regarding to Relinquishment of Rights
This query is : Resolved
Quick Summary
Suresh S. Tejwani
(Querist)
25 June 2025
Mr. X has a plot in his books of accounts which was shown as stock in trade. Now, If Mr. X has relinquished their rights against his relative of this plot. Is it valid?
1. It should be treated as capital gain or stock in trade?
1. It should be treated as capital gain or stock in trade?
Dhirajlal Rambhia
(Expert)
26 June 2025
The difference between the circle rate and the COA will be charged as profits of the business.
Suresh S. Tejwani
(Querist)
26 June 2025
Whether it should be treated under 44AD?
Dhirajlal Rambhia
(Expert)
26 June 2025
No need... Consider it as capital withdrawal by proprietor.
Dhirajlal Rambhia
(Expert)
16 September 2025
Good luck.
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