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
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
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
