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TMI BlogTenancy RightsX X X X Extracts X X X X X X X X Extracts X X X X ..... Mr. X is a tenant in Building XYZ which is in a dilapidated condition. He is a tenant from the last 10 years have tenancy rights in the property. He is in possession of 1000 sq.ft. as a tenant. In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the year 2018, the landlord wants to demolish the existing building and build a new building in the same place. The tenant enters into an agreement with the landlord for vacancy of tenancy in lieu of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... another flat of 1000 sq.ft. in the remodeled building. The tenant shall pay to landlord ₹ 1500/sq. ft. against this new flat to meet the cost of construction or additional expesnes. In the ye ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ar 2020 the landlord transfers 1000 sq.ft. to the tenant on ownership basis after receiving payment of ₹ 1500/sq ft. Stamp duty value of flat as on registry date is 5000/sq. ft. Queries: 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . How shall the amount paid as Tenancy Right i.e., 3500/sqft be construed in the books of Landlord/Developer? Whether FMV or the amount received in consideration be considered as revenue. Considering ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sec 43CA ? In this case, can any specific decision be referred? - Tenancy Rights - Query Started By: - PrateekKumar Khemka Dated:- 28-9-2021 Income Tax - Income Tax - Discussion Forum - Knowle ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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