banner_ad

determine the heads of income ?

This query is : Resolved 

14 March 2011 I have a green land (other than a 100% Self occupied house) in Town and within Municipal area. I have constructed a lodge (15 Rooms @ 1,000/- Per Room Per Month) & given to students on rent on the said land in 50% area and getting Rental income. On rest 50% area of green land i am growing flower ( ...) and selling it & earning money. (purchaser of these flowers sell it to worshipers in the Temple for worship.)

Please determine the heads of income ? Thanks.

14 March 2011 Under the given case, u have 2 incomes:
1) HP incomeof 180000/- less std deduction & intt on loan if any. Also for self occupied house u can claim intt on loan, if any as negative income.
2) income from business: sale of flowers. whatever use purchaser put to is not relevant here.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details