Rent income vs business income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 December 2011
i) rent received by letting business premises under Leave and licence agreement and
ii)hire charges received by providing amenities and infrastructural facility
both the above income is taxed under
a) business income and partners remuneration is calculated?
b) House property income and deduction u/s 24 is allowable?
ii)hire charges received by providing amenities and infrastructural facility
both the above income is taxed under
a) business income and partners remuneration is calculated?
b) House property income and deduction u/s 24 is allowable?
31 December 2011
Please make the question bit clear...
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2012
sorry,
The assessee has received Rent by letting business premises under leave and licence agreement
The assessee has received hire charges by letting the furniture and fixture and other amenities of infrastructural services.
Now the question is
Whether rent is taxable as business income or "Income from House Property"
Whether partners remuneration is calculated on rental income
The assessee has received Rent by letting business premises under leave and licence agreement
The assessee has received hire charges by letting the furniture and fixture and other amenities of infrastructural services.
Now the question is
Whether rent is taxable as business income or "Income from House Property"
Whether partners remuneration is calculated on rental income
11 July 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
