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EASYOFFICE

Revenu sharing taxability

This query is : Resolved 

16 October 2024 Assesses owns one hotel premise, he has given that premises for use as hotel purpose to other person and he will charge 25% of gross receipt from that person as revenue sharing for use of hotel premises,

how it will be taxable 25% revenue from that person , owner want to take that revenue income in all family member name as owner of the premises is his father

16 October 2024 Is the father alive?

16 October 2024 YES FATHER IS ALIVE
PLEASE GIVE BRIEF DETAILS IF POSSIBLE


16 October 2024 If father is owner of the property, he alone has tax liability. After the tax deduction he can share the capital as per his wish.

16 October 2024 IF FATHER WANT TO SHARE AS ON DATE THAN ANY REMEDIES

16 October 2024 He can gift the property to some of the family members as per his wish.



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