TAXABLE UNDER WHICH HEAD ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 November 2009
SIR,
IF A BUILDER OR DEVELOPER BUILD A HOUSE & GIVES ON RENT TO HIS CUSTOMERS THEN THE INCOME DERIVED FROM RENTING THE BUILDING WILL BE TAXABLE UNDER WHICH HEAD i.e. INCOME UNDER THE HEAD HOUSE PROPERTY OR UNDER PGBP .
IF A BUILDER OR DEVELOPER BUILD A HOUSE & GIVES ON RENT TO HIS CUSTOMERS THEN THE INCOME DERIVED FROM RENTING THE BUILDING WILL BE TAXABLE UNDER WHICH HEAD i.e. INCOME UNDER THE HEAD HOUSE PROPERTY OR UNDER PGBP .
16 November 2009
Income from letting out the property is to be come under the specific head of income.
Guest
Guest
(Expert)
16 November 2009
Income from House Property.
Income from House Property.
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