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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Collection of Outgoing charges/ facility service charges from ...


Facility Service Charges Classified as Business Income, Not House Property Income, Due to Services Provided to Tenants.

July 4, 2019

Case Laws     Income Tax     AT

Collection of Outgoing charges/ facility service charges from the tenants - business income or Income from House Property - since facility service charges were being received by assessee in return of providing specific services like housekeeping, security, etc., same was liable to be assessed as business income.

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