05 June 2016
in whose hands you are asking? in the hands of say firm.......it is income from other sources in the hands of individual...... it MAY be income from house property subject to other conditions.
05 June 2016
If parking has come along with flat/apartment/shop etc., then the rent of the parking place, although rented out to a different person than the flat/apartment.shop as the case may be, will go to income from house property. Else, it will be income from other sources. If parking place is purchased on stand alone basis, then the rent from the same is income from other sources.
05 June 2016
try to understand your own problem.........you have to give FULL information in order to get your query appropriately solved. Please right in detail your query. and one more suggestion....ask one question at a time...dont mix 2-3 issues......else you will get confused. now let us talk of PARKING first OK? Then we will go to shop....
CAclubindia
