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Capital Gains, Income Tax |
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Capital Gains |
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The company has been alloted land and right to construct Building on that under a lease of 99 years. The company subleases the same on exactly the same term ( Period 99 years ) and receives rent every month for the lease term. No upfront payment has been taken by the lessor.
Query:
How would this income be taxed ?
Will income be treated as Capital gain ?
Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
It would be income from other sources. Since there is no transfer of capital asset hence can not be treated as capital gain.
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