Capital gain

260 views 2 replies

Taxation Consultant & CA final student

504 Points Joined September 2009

I AM TENET IN RENTED HOME SINCE 2000 I GOT 20 00 000 RS FROM BUYER MR X OF HOME & OWNER GOT 5000000 RS FROM BUYER MR X

MY QUE IS TENENT IS LIABLE TO PAY CAPITAL GAIN 20% ON 20LAKH? AS HE IS NOT OWNER OF HOUSE

IF YES THE WHAT IS COST OF BUYING OF HOME AS HOUSE IS ON RENT

Replies (2)

ASSTT GEN MGR(FIN & ACCTS)

51 Points Joined July 2010

why was the money given to you, when you were only a tenenat?

Taxation Consultant & CA final student

504 Points Joined September 2009

For forgoing tenency

Your are not logged in . Please login to post replies

Click here to Login / Register