Capital gain
This query is : Resolved
13 July 2016
Suppose one person has received in cash rupees 2500000 for giving possession of rented commercial shop which he/she has acquired 60 years ago on rent. He/she was paying rent in court as per Law. How tax compliance will be there on such amount?
13 July 2016
the amount received on surrender of tenancy is subject to capital gains tax.
t deductions under section 54EC, 54F. can be applied
t deductions under section 54EC, 54F. can be applied
13 July 2016
Sir, how i will determine acquisitin cost in capital gain?
13 July 2016
acquisition cost will be nil. or if any cost paid.
13 July 2016
Which type of cost will become a part?
14 July 2016
Cost is the amount paid to previous tenant to acquire his right.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
