Rent Income

Stat Audit 558 views 2 replies
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L
1678 Points Joined June 2007

if there is rental income on portion of business property to outside, then whether this income will be consider as business income or rental income ? and whether depreciation on such property is proper ? Please provide Cash Law, if available.

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On 25 May 2010 at 15:37 Report
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its consider to be business income...my answer is base on eg...if a school rented some portion to any then it is consider to be business income...
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On 25 May 2010 at 16:19
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CA in practice
384 Points Joined October 2009

rental income is considered as incilary activity and should be treated as business income

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On 03 June 2010 at 07:49


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