banner_ad

Conversion of tenancy to ownership

Others 480 views 2 replies
We are 10 tenants in kolkata which is 65 year old building. Tenants & landlord have agreed for conversion from tenancy to ownership @ Rs.1000 sq feet approx while circle value showing apr Rs. 4500. Huge diff. We had complain to IGR but all in vain. if we do registry then file it return then will get notice from IT for sure as per our CA. pls help
Replies (2)

Generally tenant do not declare the transaction in ITR as it is not sell transaction. But the landlord will get notice which he has to clarify about the old tenants encroachment. For you there is no alternative.

 

I guess u are mistaken. we are paying cheque to landlord & he is selling to us. since we are more than 30 years old tenant, we are getting at discounted rate.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details