|QUERY:||Amount paid to tenants for vacating the house against compensation (Pagidi). Can I treat the entire compensation which was paid to the tenant while calculating capital gains ?|
|ANSWER:||Click here to read the full answer of the expert|
|EXPERT:||CA. H. N. Motiwalla|
|GENRE:||Capital gains – Computation - S. 55, Taxation (Domestic)|
Amount paid to tenants for vacating the house can be deducted while calculating capital gains tax under section 48 of the Act.