Please tell me whether The public limited company earns rental income from letting its old building for godown is taxed under Income from House property or Business Income.Tks Sowmiya
Can any one help me that I have one property for which i had taken loan and i stay in different home on rent due to some family dispute.Can any one tell me can i claim both HRA & House loan benefit in income tax? both home in in same city.
Very very informative...the tug of war between house property income & business income continues albeit...further ground rent recd is always treated as other source income. The decision in Shanaya Entp case regarding letting outof studio premises is very heartening. Exploitation for commercial activities is a new dimension in this line of thought
Good one..thanks for the effort :)
Thnx fr sharing......
Very good article
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