house

This query is : Resolved 

14 July 2011 if we have a well under our house compound and its water is given to constrution company for their use than it will lie under which head

14 July 2011 you can treat it business income

14 July 2011 Appropriate head is "profit and gains of business or profession".
Citation :- Laxmi Bai. A. Wagale Vs. ITO (2003) 84 ITD 634 (Panaji).




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