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Income Tax - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

Entitled to deduction u/s 80IA (4)(iii) on rental income - where ...

Case Laws     Income Tax

August 8, 2020

Entitled to deduction u/s 80IA (4)(iii) on rental income - where the main business of the company is to earn rental income as its business income, the income would be taxable under the head “Income” entitling the petitioner Assessee to have the deductions of notional expenses like depreciation and special deductions like Section 80IA - HC

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