28 December 2019
My client is holder of many properties. He rented these properties. His Another project has started for building a theater. So My query is expenditure towards constructing the theater can it be claimed against rental income. Since his future goal is also to let out this property for 15 years after that property will be of tenant. Can house property income be treated as business income, because he does only that kind of activities. or Theater expenses can be claimed as business loss against house property income??
29 December 2019
Can i considered this theater expenses as my business loss then i can claim this business loss against house property income for the same year
CAclubindia
