IF House property

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2010 sir,
i have audited the accounts of pvt ltd co.co only received rental income from tenant rs 500000.its main object to sell & purchase property.
my ques is is it taxable under hp or pgbp?

15 September 2010 As per Section 22 of Income Tax Act, 1961 it shall be considered in HP.

15 September 2010 Agreed with Sudhanshu.




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