Lease rent received from land. Is it income from H.P?? or Other sources??
CA N.Dhivya Lakshmi (Chartered Accountant) (515 Points)
09 October 2009Lease rent received from land. Is it income from H.P?? or Other sources??
ashish gupta
( student)
(1922 Points)
Replied 09 October 2009
Lease rent received from land is not income from H.P. as no building is situated. It will b as income under other sources or PGBP if it is the main business