Mr X having a factory Building in personal name and giving a renting to Company in which he is director and taking a rent from company kindly gide me a treatment of rent income in hand of X
this is a Income From House Property or Business Income
21 October 2010
It is only an income from house property, you can not treat a rental income as business income unless the buiness model permits you to be in business of rental of property for example an owner of a mall can say that he is in the business of renting.
CAclubindia
