Related to sec. 50c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 May 2015
is sec.50c of income tax act 1961 is also applicable on sale/transfer of lease hold property?
Amol S Joglekar
(Expert)
29 May 2015
The section is applicable to LAND or BUILDING or BOTH
Any adjective to above is subject to 50C, so long as it is capital asset.
if Leasehold property is capital asset, section 50C is very much applicable.
Any adjective to above is subject to 50C, so long as it is capital asset.
if Leasehold property is capital asset, section 50C is very much applicable.
29 May 2015
yes sec 50C is applicable in this case also.
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