Transfer of tenancy to ownership and sellingReport
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Hello, my parents were staying under the pagdi system of tenancy in a ground floor flat in a building with 2 floors. In the year 2005 the Building was redeveloped under TDR and they were given ownership of a flat on the first floor in the same building. The agreement papers show a money transaction of 1 lakh rupees paid by the builder to my parents and no other money transaction. My Dad passed away in 2010 and Mom passed in 2019, hence my brother and I inherited the property in 2019. We have now sold the property in 2020 and were wondering how to calculate our capital gains payable. Please help, thank you in advance
in progress 0Income Tax 2 months 1 Answer 44 views 0