Tenant gets shop against shop from builder
This query is : Resolved
MEHUL G KAPADIA
(Querist)
12 May 2014
The fact is a very old tenant of two shops gets one shop and two flats against the those two shops from the builder who purchased all the shops and flats from the owners of that premises. The tenant gets one shop and two flats without any consideration. Whether capital gain tax attract or taxable under income from other sources.
Ravindra Srinivasa
(Expert)
15 May 2014
Income from other sources.
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