CA Day celebration 2024 Easy Office
LCI Learning

Guest house income - house property or business income

This query is : Resolved 

15 March 2014 Income from rent out of guest house on daily basis (rent out for a day or two) shall be considered as house property income or business income.
No other service provided. Only property is rented out.

15 March 2014 It should form part of Income from H.P, and GAV for the same will be calculated in accordance with Partly Let out partly vacant



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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query