Surrender of tenancy rights
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 December 2015
If I surrender my tenancy rights in lieu of compensation from Landlord, will the amount received be treated as Long term Capital gain. Also,since Cost of Acquisition is NIL, will LTCG be calculated without indexation @10% or normal rate of 20.6%?
14 December 2015
LTCG will be taxed at 20.6%.
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