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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Incomes received from leasing out of hotels - exploitation of a ...


Hotel Lease Income Classified as Business Income for Tax Purposes; Rental Earnings Subject to Business Tax Rates.

May 3, 2016

Case Laws     Income Tax     AT

Incomes received from leasing out of hotels - exploitation of a commercial asset - lease rental received by the assessee is to be taxed under the head "Income from business" - AT

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