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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Income under the head “Long Term Capital Gain” (LTCG) on ...

Case Laws     Income Tax

September 12, 2015

Income under the head “Long Term Capital Gain” (LTCG) on surrender of tenancy rights - leasehold rights have been acquired by the assessee’s predecessors in interest in the year 1907 - The assessee would therefore be entitled to claim deduction of cost of acquisition of leasehold interest as on 1.4.1981 - AT

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