If a farm house is let out for party purposes, then is it liable for tax under the head income from House Property?
As per section 2(1A) Explanation 2, if the farm house is used for the purpose other than agriculture,it will be taxable.
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
Gowra Ventures Pvt Ltd
Hyderabad
CA
A R JADHAV AND ASSOCIATES
Mumbai
CA Inter
SANDEEP AASHISH & CO
Araria
B.Com
NovumLake Partners
SNCO
ANV & Company
New Delhi
Agarwal Anoop and Associates
Noida
CA Final
AJAY SINGH AND CO LLP
Thane
India's largest network for finance professionals
Alternatively, you can log in using: