02 September 2009
Pagri or compensation recd.against surrender of tenancy rights in favour of landlord is a revenue or capital reciept,further for landlord pagri amount paid is capital expenditure or revenue exp.
03 September 2009
Any amount received against surrender of Tenency rights will fall under the provision of Section 47 (capital gains) & charged accordingly. For lanllord, he will get the deduction on account of expences of transfer.. Just go through the provision for any other minute details
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