Hi Everyone,
Is rent received from Hotel Business is chargable under PGBP or as HP Income ?I think it should be chargable under HPI still need to confirm.................... Its quite urgent plz
Vishal (Article Asst.) (95 Points)
23 March 2015Hi Everyone,
Is rent received from Hotel Business is chargable under PGBP or as HP Income ?I think it should be chargable under HPI still need to confirm.................... Its quite urgent plz
Rahul Agarwal
(Chartered Accountant)
(213 Points)
Replied 25 March 2015
Hotel is a business. It cannot go to HPI. Of course as PGBP!