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17 February 2016 under which head income from space given for hoarding/advertisement on the top of the building are taxable and what about tds on that

17 February 2016 Income from rent received from display of hoardings/advertisement at top of buildings has to be assessed under the head “income from other sources”

Mukherjee Estate P. Ltd. reported in 244 ITR 1
JMD Realtors (P.) Ltd. vs Deputy Commissioner of Income-tax (IT Appeal No. 5346 (Delhi) of 2011)

The contract for putting up a hoarding is in the nature of advertising contract and provisions of Sec. 194C would be applicable.


23 February 2016 thank you very much


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