| Question And Answer | |
|---|---|
| Subject: | tax liabilty on conversion of tenancy right to ownership due to re-development |
| Category: | Income-Tax |
| Querist: | nakul |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | redevelopment |
| Date: | September 28, 2024 |
i hold tenancy rights to a commercial premise
the tenancy is in the name of my partnership firm
the entire building is going for re-development due to notice issued by MHADA under clause/rule 79
will my firm be liable to any tax due to conversion of tenancy to ownership of the property ?
Reply of the Expert is awaited. Please check back later
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