Dhirajlal Rambhia (SEO Sai Gr. Hosp.) 24 September 2021
"Amount received on surrender of tenancy rights is liable to capital gains tax under Section 45 of the Income tax Act, 1961" ..... Honorable Supreme Court...
When there is no cost of acquisition, consider it as ZERO.
kiran bari (Student CA Final ) 24 September 2021
Dhirajlal Rambhia (SEO Sai Gr. Hosp.) 25 September 2021
Rent paid by tenant was for the stay in the property. It did not create any right in the property. COA remains zero.
kiran bari (Student CA Final ) 25 September 2021