House Property Income Vs. Business Income
This query is : Resolved
Pavan Faliya
(Querist)
13 December 2008
My Client is engaged in the business of constructing the complex and sell the offices.
Till the offices are sold, the offices are leted out.
This income of Rent, whether will come under the head House Property Income or Business Income ?
The shops are leted out for more than one year but it is shown as closing stock under the head current assets in the balance sheet of the assessee.
how the computation be made for rent income from these offices ?
Till the offices are sold, the offices are leted out.
This income of Rent, whether will come under the head House Property Income or Business Income ?
The shops are leted out for more than one year but it is shown as closing stock under the head current assets in the balance sheet of the assessee.
how the computation be made for rent income from these offices ?
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
