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House Property

This query is : Resolved 

19 March 2010 X is Carrying on Packing process for Hindustan liver Ltd(HLL),and Receive income against packing service
and HLL uses X Godown for storing Tea packet and gives rent on Godown, giving rentals paments by deducting TDS,

Can Rentals be Assessed as House Property Income

19 March 2010 Yes for godown he need to show it as house property income and for packing process "income from business"

Nazir

19 March 2010 Agree



19 March 2010 Agree with expert

20 March 2010 Thanku for giving valuable information & givng acknowledgement, to others



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