I am getting the salay and Rental from house around 5 Houses.
What is the implication of Income tax., of Rental income from house.
JAGANATHAN R ACMA, SAP(Fi-Co) (Manager Accounts and Finance) (915 Points)
21 January 2018I am getting the salay and Rental from house around 5 Houses.
What is the implication of Income tax., of Rental income from house.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(169623 Points)
Replied 22 January 2018
Unless any clear intention of assessee of doing business of renting of properties, usually it is treated under IFHO.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)