Article on capital gains and tenancy rights in Mumbai

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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  | 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.

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