29 December 2014
hello friends What will be point of taxation in case of renting out the immovable property.
My client rented out the immovable property to the school but till now he didn`t received any payment from school but he will get before 31st march 2015. plz help me to find out the POT.
There is no any agreement regarding issue of invoice. whenever school have excess fund it will pay rent to him after deducting TDS. rent amount is Rs. 36,00,000 Thankyou.
CAclubindia
