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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Income from House property - lease rental income - rental income ...


Rental Income Taxable for Property Owners Despite Third-Party Management Agreements Allowing Rent Collection and Interest-Free Advances.

March 7, 2019

Case Laws     Income Tax     AT

Income from House property - lease rental income - rental income is taxable in the hands owner of of property irrespective of the fact there is a agreement with other party giving right to collect and keep rent and manage the property in lieu of certain interest free advance.

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