house

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Seema Deepak Dhondi (Querist)
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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

CA Navin Jain (Expert)
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14 July 2011 you can treat it business income

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Bhaskaran Chackrapani Warrier (Expert)
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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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