TMI BlogRental income received from Directors - Even though assessee has offered the income under the head...Rental income received from Directors - Even though assessee has offered the income under the head "business and profession‟, however, no depreciation has been claimed as per I.T. provisions - The company is not doing any sort of business from many years. - Taxable as income from house property. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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