Answers On Topic: Tenancy right
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 ?
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Mr A transfers his tenancy right in one outside bldg and earns capital gain thereon . He now reinvests the same in acquiring tenancy rights from a tenant in another building where he is landlord himself Is he eligible u/s 5454F or any other section for exemption ?
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Hello sir, Question - Which year should be consider as a year of transfer, in case of transfer of tenancy right(Pagadi system) under redevelopment of building ? ( Here tenant entered in Permanent Alternative Accommodation with developer and mentioned that tenancy will be surrender only on receipt of new flat.) Which date shall be consider as per Income tax act to take it as a transfer date?
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tax liabilty on conversion of tenancy right to ownership due to re-development