Capital Gains / Income from Other Source pertaining to Transfer of Tenancy Right

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..... As per S/50C and/or S/56 (2) (vii) (b) of the Income Tax Act, 1961 - If Stamp duty value of an immovable property is higher than the Agreement value than For Seller - The stamp duty value is to be .....

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..... considered as the consideration value. Similarly, in such a case as per S/69 of the Income Tax Act, 1961 - The difference between the Stamp duty Value and the Agreement Value would be consider .....

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..... ed as Income from Other Sources in respect of the Buyer. Kindly provide your opinion as to: 1) Whether the above understanding is correct? 2) Whether the above understanding would be applicab .....

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..... le in case of Transfer of Tenancy? - i.e. Whether Immovable Property would cover Transfer of Tenancy? - Capital Gains / Income from Other Source pertaining to Transfer of Tenancy Right - Query Star .....

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..... ted By: - Aliasgar Tambawala Dated:- 28-5-2015 Income Tax - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - t .....

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..... axmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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