Hardik (abc) (33 Points)
21 November 2010
Can u tell me what shall be the Tax treatment of the following benefits/gains in the hands of the
tenant in case of Redevelopment of Old Building:-
a) The amount of corpus fund received directly from the builder/developer.
b) The amount of corpus fund received from the Association, if any formed by the society.
c) The incremental area received more than 300sq. ft (as per Law.
d) The rent received for Alternate Accommodation.
Thanx.
sahana Murthy
(Student)
(123 Points)
Replied 22 November 2010
Kindly calrify the relationship between the tenant and the builder.
Regards
Sahana Murthy
Hardik
(abc)
(33 Points)
Replied 24 November 2010
Mr. Murthy,
The property is been redeveloped by a builder who is different from the Landlord.
The Builder shall Redevelop the building and the said Tenant shall get a flat in the new Redeveloped building from the Builder.
CAclubindia
