Muliplex rental income and amenties

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Sarvesh Mani Tiwari,CFA(ICFAI) (Querist)
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25 September 2008 Multiplex businees:
1.Can montly rental value recd taxable as house property income for land+Building part?
2.Surplus on re-imbursement of Common are maintaince recd as business income?
3.Claim Depreciation for plant & machinery of multiplex i.e(AC+chiller+other+lift) ?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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26 September 2008 Can you elaborate the term multiplex?

Sarvesh Mani Tiwari,CFA(ICFAI)

Sarvesh Mani Tiwari,CFA(ICFAI) (Querist)
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26 September 2008

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Sarvesh Mani Tiwari,CFA(ICFAI)

Sarvesh Mani Tiwari,CFA(ICFAI) (Querist)
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26 September 2008 Multiplex(mall)i.e. cineam hall,big bazar,resturant,retail,coffee shop.

CMA Jitendra Singh

CMA Jitendra Singh (Expert)
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26 September 2008 There are two popular concepts for multiplexes-

1.Treat there Reantal Income as income from house property

2.Treat as business income of all inflow and get deduction of expenses

You have to opt any of above model which suits you