Rupesh Soni (Taxation Consultant & CA final student) (504 Points)
27 December 2015I AM TENET IN RENTED HOME SINCE 2000 I GOT 20 00 000 RS FROM BUYER MR X OF HOME & OWNER GOT 5000000 RS FROM BUYER MR X
MY QUE IS TENENT IS LIABLE TO PAY CAPITAL GAIN 20% ON 20LAKH? AS HE IS NOT OWNER OF HOUSE
IF YES THE WHAT IS COST OF BUYING OF HOME AS HOUSE IS ON RENT
m r gopal
(ASSTT GEN MGR(FIN & ACCTS))
(51 Points)
Replied 28 December 2015
why was the money given to you, when you were only a tenenat?
Rupesh Soni
(Taxation Consultant & CA final student)
(504 Points)
Replied 28 December 2015
CAclubindia
