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Income Tax - Highlights / Catch Notes

Home Highlights March 2012 Year 2012 This

Surrender of leasehold rights – Provisions of Section 50 C will ...


Section 50C of the Income Tax Act Excludes Transfer or Surrender of Tenancy Rights from Consideration Provisions.

March 4, 2012

Case Laws     Income Tax     AT

Surrender of leasehold rights – Provisions of Section 50 C will apply on receipt of consideration on transfer of a property, being land or building or both, and not in case of transfer or surrender of tenancy rights. - AT

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