House Property Income and Connected Expenses
This query is : Resolved
03 September 2021
Sir,
A Commercial property was registered in the name of a company which was actually given for another person or establishment for monthly rentals. Whether that income received by the company would be assessable in house property income?. Again in respect of the same house property whether the company can claim depreciation or connected expenses?.
A Commercial property was registered in the name of a company which was actually given for another person or establishment for monthly rentals. Whether that income received by the company would be assessable in house property income?. Again in respect of the same house property whether the company can claim depreciation or connected expenses?.
03 September 2021
It's commercial property hence such rental income will be business income claim depreciation and expenses it's Allowed.
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
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Traces submitting correction statement error
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- LIABILITY ADJUSTMENT
- Grand in aid
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- TDS on property - Form 141 query
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
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
