24 July 2019
Hello How is the taxable income calculated for a sole proprietorship hotel business ( property owned by the proprietor)is it come under business income or house property income Hotel means Lodge rental income on daily basis.
24 July 2019
I understand that an individual is running a hotel in his own building. If so, the income from hotel has to be necessarily offered for income tax purposes under the head ' income from business'.
CAclubindia
