Whether lease and sub-lease are same
This query is : Resolved
15 April 2013
Dear Sir/madam
Please clarify whether lease and sub-lease will be treated same as per Section 269UA(f) of the Income Tax Act. Also, whether lease and sub-lease will be treated same as per Section 2(47) of the Income Tax Act.
If any case law is available, please arrange to provide.
Thanks & Regards
Ashutosh
Please clarify whether lease and sub-lease will be treated same as per Section 269UA(f) of the Income Tax Act. Also, whether lease and sub-lease will be treated same as per Section 2(47) of the Income Tax Act.
If any case law is available, please arrange to provide.
Thanks & Regards
Ashutosh
31 May 2013
If the lease or su-lease for a shorter period then it does not give any interest in the property but if it is for a longer period then the lessee gets interest in the property and he can construct accordingly and sell the property to anyone. Therefore, the provisions as mentioned by you are same for both the type of lease.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
