i had taken a plot of land on rent
then constructed a warehouse on that land
and then further rented the warehouse to another company.
my rental income will be taxed under which head of income??
2 Replies
MEENA VIVEK
(253 Points)
Replied 21 August 2019
You will show the income under the head Income from house Property.
Kapadia Pravin
(17259 Points)
Replied 21 August 2019
You are not the owner of plot as plot itself is on rent. I think it will not be your IFHP but rent income from warehouse will be IFOS
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
