Easy Office
LCI Learning

income from house property

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 May 2010 Hi guys good morning. I have a dobt about the INCOME FROM HOUSE PROPERTY i.e if two persons A AND B having constructed a building with their own money and doing their own busness then now c starts joining the firm with his respective share capital now for A and B the income from building will be taxible under the head of the PGBP and how the income of C is to be treated??????? if u have an answer please forword it to me
Profile Image

Rahul Gupta

Profile Image

Rahul Gupta (Expert)
01 May 2010 The income for C will also be treated as PGBP with respect to his share in the firm.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
01 May 2010 yes.to the extent of C share be treated as PGBP
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links