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Tripti Nagwekar (Owner)     04 December 2012

Cheque amount received in transfer of tenancy right of pagdi

Is the cheque amount received by a landlord for a transfer of tenancy right from old tenant to new person or father to son in a tenanted / pagdi building, taxable or not?  If taxable, under what head of income for a landlord and at what rate?  Further what if the landlord is a charitable trust?



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