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Tax on Sale of Tenancy Rights / Pagdi resedential property

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(Querist)
02 April 2023 1) Is sale of Tenancy Rights liable for LTCG (capital gain tax)?

2) If yes, How to calculate Cost price? Is there something like FMV (fair market value) that can help to arrive at cost price?

3) Do you have to pay 1% TDS similar to normal property transaction?

4) Can you invest money received to buy an underconstruction resedential property and get LTCG tax benefit?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 April 2023 1. Yes.
2. COA is taken as NIL.
3. Yes, if the tented property is transferred.
4. Yes.
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