Income from house property
This query is : Resolved
01 December 2012
Dear sir,
whether income is treated rental income or business income in the following case?
the partnership firm earned income from letting out of property.
whether income is treated rental income or business income in the following case?
the partnership firm earned income from letting out of property.
01 December 2012
Please follow this link:-
https://www.caclubindia.com/experts/business-income-or-rental-income-1135174.asp#.ULm3NFJK31U
https://www.caclubindia.com/experts/business-income-or-rental-income-1135174.asp#.ULm3NFJK31U
01 December 2012
It will be shown as Income from House Property as it is covered by Section 22.
01 December 2012
It will be treated as income from house property.
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