https://www.taxtmi.com/forum/issue?id=1248 A lump sum payment received for surrendering long standing tenancy rights in a residential ancestral house was queried for tax treatment. The cited 2008 judicial precedent concludes that surrender of tenancy rights is not subject to tax, so the receipt is not taxable and questions of capital gains indexation or deduction for repairs do not arise. en-us Fri, 05 Jun 2009 12:58:17 +0530 Thu, 23 Jan 2025 15:58:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1248 A lump sum payment received for surrendering long standing tenancy rights in a residential ancestral house was queried for tax treatment. The cited 2008 judicial precedent concludes that surrender of tenancy rights is not subject to tax, so the receipt is not taxable and questions of capital gains indexation or deduction for repairs do not arise. Discussion-Forum Income Tax Fri, 05 Jun 2009 12:58:17 +0530 https://www.taxtmi.com/forum/issue?id=1248