Question And Answer
Subject: long lease vs sale
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Querist: bs
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Date: May 7, 2023
Query asked by bs

Can a long lease be treated as a saleĀ  after abolition of section 269UA?

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This would require a detailed study of the trust deed, powers in the trust deed, reason for the loan, and bona fides of the transaction. It has to be comparable with the market rate. Provision of section 13 of the Income -tax Act has to be considered .



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One comment on “long lease vs sale
  1. bs says:

    answer is not pertaining to Q under ref

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