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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Nature of income from renting of shops - Since the company is ...


Rental Income Not Taxed as Property Income: Company Not Owner u/s 27(iiib) of Income Tax Act.

November 10, 2017

Case Laws     Income Tax     AT

Nature of income from renting of shops - Since the company is neither the owner nor the deemed owner in terms of section 27(iiib) of the Act, therefore the "Contribution from Shops" cannot be assessed under the head "Income from house property. - AT

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