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Rental income

ITR 103 views 1 replies

I own a property which is being rented by a company, dell. I will renew the lease on the property next month for a period of 12 months. My question is, somebody has offered to buy the lease for a period of 12 months for a lumpsum payment (discounted) and he will receive the rent from the tennant for a period of only 12 months. First question, is this allowed, legally. Second question, if yes, what is the tax treatment? 

Replies (1)
Allowed but u need tenant should deduct 10% TDS On lumsum and pay to the govt


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