One of my Client has Shop Rental Income he want to show income U/S 44AD is it good or not?
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 04 July 2017
Rental income is assessed under head Income from HP........... and not from PGBP.......
Section 44AD is applicable for income from PGBP....... !!!!!!!!!!!!
manoj
(student)
(5205 Points)
Replied 04 July 2017
Sir if we treat as it business income as client has no other income except income from other sources i.e. FD Interest
Poltu Ghosh
(Job)
(1865 Points)
Replied 04 July 2017
Will be wrong to treat the same as business income
Poltu Ghosh
(Job)
(1865 Points)
Replied 04 July 2017
That's why it will come under income from house property
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