capital gains

indexation wil be taken as 100 which is the index for the year 81. (Starting point of the indexation). 

my ques is will indexation will be provided . i got a letter frm CIT statin dat der will be no indexation given . so plz assist me wid a reference of case law.

Hello,

My first question is: Did Y (tenant) really sold off the property? I mean wat about the owner....

If Y is really a tenant and sold off than wat amount is shown as Purchase price?

After than only question of Indexation will come...

Dear Friend........

X transferred his Tenancy right not the ownership right to Y ......How can Y  sell the property with just Tenancy right....???

Who is the owner of the property?????

Please elaborate ur query.........

Yes exatly i thought.. It cannot be ownership right.... It has to be tenancy right only.....

If its tenancy right than it will be considered as a regular income and no indexation to be provided.

Dear CA Shivang.....

Good answer.....

thanx shivang