Sir, One of my client purchases a property on a lease in textile park. . The client got shares of textile park with deed of sublease. Now my client subleases the property. My question is while calculating the capital gain is it the tenancy rights or the property or the shares which is being transferred on which I should pay capital gain. In short which of these to be considered as asset that is being transferred?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 22 February 2023
Unless the lease is transferred in the name of new purchaser, it will not be transfer of an asset.
Need to check the transfer via sub-lease in detail.
sabyasachi mukherjee
(27574 Points)
Replied 23 February 2023
Sub lease is a different concept .
Here rights of property is not transferred.
Here rights of property is not transferred.
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