Receipts from Comensation Received from Sale of Rented Property

How the rent income was treated.

If declared u/h. IFHP; then the proceeds received from developer will be treated under long term capital gain.

apologies, a small typing mistake changed the meaning of the sentence. now corrected. please check and advise.

OK.... You have tenancy right in a commercial premises. So, when you give up the right for any consideration, it will be considered as LTCG.

thank you for your prompt response sir.

it is vey helpful.

is it the same treatment for residencial property as well ? 

or is it, that only commercial proerty comes under ltcg ?

Any property, the gain is over TENANCY right..