Can i show rental income under business income
This query is : Resolved
13 August 2013
I have manufacturing umit whose turnover is 4 crore and rental income is 1 crore I m showing under business income please guide me
CA Vijeta Verma
(Expert)
13 August 2013
no.it is not your business.your business is a manufacturing business.
show this income as income from other sources
show this income as income from other sources
CA Parul Saxena
(Expert)
13 August 2013
Rental income is to be shown under 'Income from House Property'...it can not be shown as business income
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