EASYOFFICE
EASYOFFICE
EASYOFFICE

Sale of property on "Pagdi" system

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 July 2010 Is amt. received on sale of house property on "PAGDI" system taxable, since the cost of such property will be nil or negligible compared to the compensation received? If "Yes", under which head - Capital Gain or Other sources?
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
08 July 2010 Sale of tenancy rights is taxable under the head capital gains.

Cost will be considered the amount paid to acquire the tenancy rights.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links