Tax on Sale of Tenancy Rights / Pagdi resedential property
This query is : Resolved
02 April 2023
1) Is sale of Tenancy Rights liable for LTCG (capital gain tax)?
2) If yes, How to calculate Cost price? Is there something like FMV (fair market value) that can help to arrive at cost price?
3) Do you have to pay 1% TDS similar to normal property transaction?
4) Can you invest money received to buy an underconstruction resedential property and get LTCG tax benefit?
2) If yes, How to calculate Cost price? Is there something like FMV (fair market value) that can help to arrive at cost price?
3) Do you have to pay 1% TDS similar to normal property transaction?
4) Can you invest money received to buy an underconstruction resedential property and get LTCG tax benefit?
02 April 2023
1. Yes.
2. COA is taken as NIL.
3. Yes, if the tented property is transferred.
4. Yes.
2. COA is taken as NIL.
3. Yes, if the tented property is transferred.
4. Yes.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
