Jayanta Bandyopadhyay (310 Points)
22 October 2024We have been paying building maintenance charges and the same is recovered from the tenants. So, the amount should be business income OR Income from House Property?
Is there any case laws where recovery of building maintenance charges from the lesee is treated as business income. Please guide us for tax computation
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 22 October 2024
What is the constitution of the society. e.g RWA, housing society etc.?
Jayanta Bandyopadhyay
(310 Points)
Replied 22 October 2024
Sir
We are in real estate business. Pvt Ltd Company
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 22 October 2024
in your case it will be business income.
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5146 Points)
Replied 26 October 2024
There are a few case laws that support this view:
Remember, tax laws and regulations can change, so it's always check with gst portal.
CAclubindia
