{"id":45702,"date":"2024-09-28T13:40:21","date_gmt":"2024-09-28T08:10:21","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=45702"},"modified":"2024-12-01T06:57:44","modified_gmt":"2024-12-01T01:27:44","slug":"tax-liabilty-on-conversion-of-tenancy-right-to-ownership-due-to-re-development","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/tax-liabilty-on-conversion-of-tenancy-right-to-ownership-due-to-re-development\/","title":{"rendered":"tax liabilty on conversion of tenancy right to ownership due to re-development"},"content":{"rendered":"<p>i hold tenancy rights to a commercial premise<\/p>\n<p>the tenancy is in the name of my partnership firm<\/p>\n<p>the entire building is going for re-development due to notice issued by MHADA under clause\/rule 79<\/p>\n<p>will my firm be liable to any tax due to conversion of tenancy to ownership of the property ?<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[1120],"qa_category":[23],"qa_tag":[459,1239,815],"class_list":["post-45702","qa","type-qa","status-publish","hentry","qa_expert-mr-ganesh-purohit","qa_category-income-tax","qa_tag-redevelopment","qa_tag-tax-liability","qa_tag-tenancy-right"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/45702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=45702"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=45702"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=45702"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=45702"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=45702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}