https://www.taxtmi.com/forum/issue?id=444 Payment by a tenant for vacating premises is a transfer by extinguishment of rights and may be taxable as capital gain; the key practical question is whether expenditures (such as rent paid to the landlord) can be treated as cost of acquisition or improvement to reduce the capital gain or whether the whole receipt is taxable. en-us Fri, 18 May 2007 11:05:22 +0530 Thu, 23 Jan 2025 15:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=444 Payment by a tenant for vacating premises is a transfer by extinguishment of rights and may be taxable as capital gain; the key practical question is whether expenditures (such as rent paid to the landlord) can be treated as cost of acquisition or improvement to reduce the capital gain or whether the whole receipt is taxable. Discussion-Forum Income Tax Fri, 18 May 2007 11:05:22 +0530 https://www.taxtmi.com/forum/issue?id=444