Income from business or commercial property
This query is : Resolved
29 July 2010
Is income from letting out property to business/commercial purposes come under 'income from business'. If yes, which ITR should the assessee use?
29 July 2010
IF THE PERSON WHO HAS LET OUT ,HAVING BUSINSES OF LETTING OF PROPERTY, THEN IT WILL BE UNDER INCOME FROM BUSINESS. THEN ITR 4
IF HE HAS LET OUT IN NORMAL COURSE, THEN IT WILL BE COME IN INCOME FROM OTHER SOURCE. ITR 2 .
IF HE HAS LET OUT IN NORMAL COURSE, THEN IT WILL BE COME IN INCOME FROM OTHER SOURCE. ITR 2 .
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