house property
This query is : Open
09 April 2009
Thanks Mr. Shrinivasulu,Mr.Nitin,Mr.Tarun for your kind reply.
A company's object is to develope properties. It have 3 offices which it gives on rent.During the year a office remain vacant for full year can I.T. officer calculate annual value of this property and charge accordingly. As I know this can be done only in residential property . Please clarify.
whether company can claim expenses like ROC fees , Audit fees as the income is house property income. whether we can claim the expenses as business expenses .
A company's object is to develope properties. It have 3 offices which it gives on rent.During the year a office remain vacant for full year can I.T. officer calculate annual value of this property and charge accordingly. As I know this can be done only in residential property . Please clarify.
whether company can claim expenses like ROC fees , Audit fees as the income is house property income. whether we can claim the expenses as business expenses .
AMIT KUMAR CHAUDHARY
(Expert)
09 April 2009
check the company memrandum if the company memorandum show it one caluse of affires of company is businees of renting of immovable property. and in its
income tax return company claims rental income as business income and adjust the all expenditure life professional fees roc expenditure and other expenses also. so check ur case sir.
income tax return company claims rental income as business income and adjust the all expenditure life professional fees roc expenditure and other expenses also. so check ur case sir.
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
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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?
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
