Hotel or resort revenue from management contracts should be "Business Income," not "House Property" income, aligning with business operations.

Correct head of income - letting out of Hotel/Resort as running business - treatment of revenue receipts from operation of Hotel/Resort - Contract for managing the business from the said premises on a consideration of management license basis - No fixed consideration - the revenue receipts are undoubtedly income from the Business and therefore, should be treated under the head “Business Income” but not as rental income from “House Property” - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X