Section 22 of income tax
This query is : Resolved
15 February 2019
MR.X TAKEN ON LEASE FROM MR.Y LAND & BUILDING FOR 55 YEARS ON LUMPSUM PAYMENT WHETHE OF 3 CRORES .WHETHER MR X CAN BE TAKEN OS OWNER OF PROPERTY AS PER SECTION 22 OF INCOME TAX ACT
15 February 2019
lease is not change of ownership.
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