Capital gain on sublease of property

mahipal m. chande (ca) (216 Points)

22 February 2023  

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?