Revenue sharing taxability
This query is : Resolved
Quick Summary
jayesh khokhariya
(Querist)
16 October 2024
Assesses owns one hotel premise, he has given that premises for use as hotel purpose to other person and he will charge 25% of gross receipt from that person as revenue sharing for use of hotel premises,
how it will be taxable 25% revenue from that person , owner want to take that revenue income in all family member name as owner of the premises is his father
how it will be taxable 25% revenue from that person , owner want to take that revenue income in all family member name as owner of the premises is his father
Dhirajlal Rambhia
(Expert)
16 October 2024
Is the father alive?
jayesh khokhariya
(Querist)
16 October 2024
YES FATHER IS ALIVE
PLEASE GIVE BRIEF DETAILS IF POSSIBLE
PLEASE GIVE BRIEF DETAILS IF POSSIBLE
Dhirajlal Rambhia
(Expert)
16 October 2024
If father is owner of the property, he alone has tax liability. After the tax deduction he can share the capital as per his wish.
jayesh khokhariya
(Querist)
16 October 2024
IF FATHER WANT TO SHARE AS ON DATE THAN ANY REMEDIES
Dhirajlal Rambhia
(Expert)
16 October 2024
He can gift the property to some of the family members as per his wish.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Depreciation Chart Companies Act
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- GST on Renting godown to KFCSC for Storage of Raagi
- Under marginal scheme
- Import of Software Service.
- Capitalgain tax purposes for valuation report compulsory
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
