Article on capital gains and tenancy rights in Mumbai
Titled "Tenant Gives Up Tenancy Rights, Gets Ownership Flat in Return, Sells it for ₹86 Lakh; IT Dept Taxes Full Amount, ITAT Rules in His Favor". By Trade Brains | Mar 2, 2026 This article from Trade Brains is really interesting: click link Synopsis : When apartment is received after giving up tenancy rights, its cost of acquisition cannot be nil as It was received in exchange for surrender of tenancy rights. Therefore, cost of acquisition should be based on Fair Market Value. So, tax should be applicable on capital gains and not entire selling amount of property. Motilal Oswal Sees 56% Upside in This Bank Stock; Do You Own It? Discover Defence stock to buy now for an upside of 58%; Do you own it? Discover Covered For Life Canadian Residents Under Age 79 With No Life Insurance Are Taking Advantage Of This Read More Skip ICC Bans Pakistan Star Player; Suryakumar Yadav and Jasprit Bumrah Fined! Full Details Inside Discover Stocks to Buy: 6 Stocks...