Correct head of income - income from letting out of warehouses ...

Rental Income from Warehouses as Primary Business Activity Taxed as "Income from Business" Not "House Property.

February 6, 2020

Case Laws Income Tax HC

Correct head of income - income from letting out of warehouses or property to lessees - in cases where the earning of the rental income is the exclusive or predominant business of the Assessee, the income earned by way of lease money or rentals by letting out of the property cannot be taxed under the Head 'Income from hosue property', but can only be taxed under the Head 'Income from business income'.

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Correct head of income - income from letting out of warehouses ...

Rental Income from Warehouses as Primary Business Activity Taxed as "Income from Business" Not "House Property.

February 6, 2020

Case Laws Income Tax HC

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