EASYOFFICE

Tax Audit For Commercial Property Rent

This query is : Resolved 

16 September 2024 Sir

Mr X individual constructed Commercial Warehouse on Land and Let out to Gst Registered Person and charging GST also .

Mr X wants to shown rental income as business income and wants to claim expenses and claim depreciation on constructed warehouse .Rental Income more than 1 CR. Mr X keeps Books Of Accounts .

Whether Tax audit can be done in this case.

Thanks.

16 September 2024 it is taxed under income from house property only. no tax audit or taxation under business income



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries