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Income Tax - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Correct head of income - sub-leasing of already leased out ...


Court Rules Tenant Service Charges as "Income from Other Sources," Not "Income from House Property.

March 21, 2020

Case Laws     Income Tax     HC

Correct head of income - sub-leasing of already leased out property - maintenance charges and air conditioning hire charges - Service charges received from tenants are liable to be assessed as "income from other sources" and not as "income from house property". - HC

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