House property or business
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 November 2012
A builder is acquiring properties and renting it out and has rental income as the only source of income. The income of the builder would be charged under which section? Sec 22- Income from House Property or Sec 28 - Income from Business?
02 November 2012
For more details follow this discussion:-
https://www.caclubindia.com/experts/business-income-or-rental-income-1135174.asp
https://www.caclubindia.com/experts/business-income-or-rental-income-1135174.asp
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2012
Thanks a Lot Mr. Malu.
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