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

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....apital Gains / Income from Other Source pertaining to Transfer of Tenancy Right<br> Query (Issue) Started By: - Aliasgar Tambawala Dated:- 28-5-2015 Income Tax<br>Income Tax<br>As per S/50C and/or S/5....

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....6 (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 considered as the consider....

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....ation 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 considered as Income from Other Sources i....

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....n respect of the Buyer. Kindly provide your opinion as to: 1) Whether the above understanding is correct? 2) Whether the above understanding would be applicable in case of Transfer of Tenancy? - i.....

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....e. Whether Immovable Property would cover Transfer of Tenancy?<br> Discussion Forum - Knowledge Sharing ....