TaxTMI 
TaxTMI 
Capital Gains
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....apital Gains<br> Query (Issue) Started By: - DSA Partners Dated:- 23-6-2010 Last Reply Date:- 24-6-2010 Income Tax<br>Got 1 Reply<br>Income Tax<br>The company has been alloted land and right to constr....
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....uct 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 bee....
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....n taken by the lessor. Query: How would this income be taxed ? Will income be treated as Capital gain ? Reply By GOPALJI AGRAWAL: The Reply: It would be income from other sources. Since there is n....
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....o transfer of capital asset hence can not be treated as capital gain.<br> Discussion Forum - Knowledge Sharing ....