EASYOFFICE

Income tax

This query is : Resolved 

06 September 2013 Hello

I want to know that while computation on income tax for an individual- if the property is given on rent. What will tax liability for the individual

. If the individual was doing his business. So the income from that property should be added only in “ income from House Property “ or it also to be included in “Income from other Sources” as it comes other income in profit and loss A/c-( F.Y. 2011-12)


Kindly guide me for the actual computation of Income


Thanks

08 September 2013 Rental income need to be shown under Income from house property u/s.22 and deductions u/s.24 can be claimed



08 September 2013 Property u/s. 22 is the any buildings or lands appurtenant there to.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries