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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Rental income from letting out of properties - Letting out of ...


Supreme Court Confirms Rental Income from Properties as "Income from Business," Not "Income from House Property.

May 2, 2015

Case Laws     Income Tax     SC

Rental income from letting out of properties - Letting out of property is the main objective of the company - assessee rightly disclosed the income under the Head Income from Business. It cannot be treated as 'income from the house property' - SC

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