Renting of Residential Houses
This query is : Resolved
16 February 2011
Company "A" is engaged in the business of letting our residential houses. Company assessee "B" received the residential houses from "A" and let out the same to employees.
Whether letting out of residential houses by "A" would be covered under Renting of Immovable Property used in the furthereance to the course of business?
Please provide the relevant case laws if any.
Whether letting out of residential houses by "A" would be covered under Renting of Immovable Property used in the furthereance to the course of business?
Please provide the relevant case laws if any.
17 February 2011
Service is not applicable, since it is a case of residential property.
06 November 2021
Being business income, it will be taxable, provided basic limit exceeds.
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