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Income from Let out of Factory

This query is : Resolved 

28 September 2008 Dear Sir,

SUPPOSE A PARTNERSHIP COMPANY DEVELOP FACTORY AND LET IT OUT THE FACTORY TO OUR SISTER CONCERN WHICH IS A PVT LTD COMPANY FOR MANUFACTURING OF TOOLS DIES AND PUNCHES THE RENTAL INCOME WHICH THE PARTNERSHIP COMPANY RECEIVES MONTHLY ON ACCOUNT OF LET OUT WILL BE TREATED AS INOCME FROM HOUSE PROPERTY OR INCOME FROM BUSINESS AND PROFESSION

PLEASE GUIDE

REGARDS

RAVI KONDA

29 September 2008 There is no other option but to apportion the income between property and other facilities.



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