Business income or not
This query is : Resolved
08 August 2012
a pvt ltd company,which is doing constriction of godows and letting them
is it business income or hp income
plz clarify me, give some case laws and relavent sections
is it business income or hp income
plz clarify me, give some case laws and relavent sections
Amol S Joglekar
(Expert)
08 August 2012
it is business income. It may be worked out as given in income from other sources as well but the character of income is business income
08 August 2012
plz give me some case laws relating to this & relevant section also
Amol S Joglekar
(Expert)
08 August 2012
The intention of the assessee is important. Please search through the cold storage units, cold storage chains, hubs for container loading... the income is business income.
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