Income derived from mere letting out of property - receipt of ...

Rental Income vs. Service Income: Taxpayer Can Classify Income from Services as Business Income for Tax Purposes.

June 21, 2016

Case Laws Income Tax AT

Income derived from mere letting out of property - receipt of facility charges for providing specific services like house-keeping, security, etc - it is quite evident that the said services are distinct from letting out of the property and, therefore, assessee is justified in asserting that the same be taxed as ‘business income’.- AT

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Income derived from mere letting out of property - receipt of ...

Rental Income vs. Service Income: Taxpayer Can Classify Income from Services as Business Income for Tax Purposes.

June 21, 2016

Case Laws Income Tax AT

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