Income from Business or House Property

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..... Income from Business or House Property
Query (Issue) Started By: - SANJAY BAHETI Dated:- 26-11-2012 Last Reply Date:- 26-11-2012 Income Tax
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Income Tax
A Pvt Ltd company with m .....

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..... ain object of construction of building, apartment and letting them on hirelease and selling in ownership, earns rent from these apartment. My query is whether rent earned would be taxable under the he .....

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..... ad income from business or income from house property. Reply By CA GOPALJI AGRAWAL: The Reply: It would be taxable under income from house property. There are only two exceptions one, it letting out .....

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..... is just incidental and subservient to the business of the assessee like letting out to employees etc and second if letling out property includes charges for other facility in the form of business cab .....

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..... ins where rent can not be approtioned. Probably your case does not seem in exceptional categories.
Discussion Forum - Knowledge Sharing .....

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