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Tendency right taxation

Others 164 views 4 replies
what is taxability of tendency right amt reced and what is cost of acquisition
Replies (4)

"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.

Tenant paid rent 250 p m then what is cost of acquisition

Rent paid by tenant was for the stay in the property. It did not create any right in the property. COA remains zero.

K Thnx


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