27 July 2022
We have a paghadi system, rented property in Mumbai. Now the property is going for redevelopment. We will enter into an agreement with the builder, making us tenant to owner. My query is , is capital gain tax applicable to us. If yes, what will be rate. The paghadi of Rs 8500 was paid in 1963. Can we take indexation into consideration?
CAclubindia
