17 April 2010
Que 1 treatment if house property is used for another person business without rent?
Que 2 Why income from hotel business / paying guest / accommodation / warehouse is taxable under PGBP inspite the fact that letting out of HP whether it is your business or not is taxable under HP? Que 3 treatment advance municipal tax paid by the landlord?
17 April 2010
1) It will be considered as used for B&P 2) Look at the nature or source of income , you can easily differentiate between HP & PGBP 3) I am not sure but i think it is allowed on actually paid basis :)
CAclubindia
