10 August 2009
say a person has given a land on lease for parking purpose to a Hotel. He is getting monthly lease rent. Now how this income would be treated. Is there any deduction on lease rent. Please answer
10 August 2009
plz read the question properly before answering. I ask under which head we should show the Income from lease rent. where is that answer. then comes the matter of deduction... I was asking if the assessee will get any benefit .as in case of House Property we get 30% deduction.
CAclubindia
