Jayanta Bandyopadhyay (298 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.)
(176172 Points)
Replied 22 October 2024
What is the constitution of the society. e.g RWA, housing society etc.?
Jayanta Bandyopadhyay
(298 Points)
Replied 22 October 2024
Sir
We are in real estate business. Pvt Ltd Company
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176172 Points)
Replied 22 October 2024
in your case it will be business income.
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