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kiran bari (Student CA Final )     24 September 2021

Tendency right taxation

what is taxability of tendency right amt reced and what is cost of acquisition


 4 Replies

Dhirajlal Rambhia

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.

1 Like
kiran bari

kiran bari (Student CA Final )     24 September 2021

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

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.

1 Like
kiran bari

kiran bari (Student CA Final )     25 September 2021

K Thnx
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