Nature of income earned by the assessee from letting out of ...

Company Reports Rental Income as Business Income; Claims Deductions for Interest and Charges u/s 37(1.

December 13, 2022

Case Laws Income Tax AT

Nature of income earned by the assessee from letting out of property - undoubtedly the main objects of the assessee company provides to carrying on the business of letting out of properties and the assessee has let out its property during the year and earned rental income Which was offered to tax under the head “Income from Business” - the expenses incurred by the assessee towards interest and processing charges are allowable as deduction u/s 37(1) - AT

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Nature of income earned by the assessee from letting out of ...

Company Reports Rental Income as Business Income; Claims Deductions for Interest and Charges u/s 37(1.

December 13, 2022

Case Laws Income Tax AT

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