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.
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