IF House property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 September 2010
sir,
i have audited the accounts of pvt ltd co.co only received rental income from tenant rs 500000.its main object to sell & purchase property.
my ques is is it taxable under hp or pgbp?
i have audited the accounts of pvt ltd co.co only received rental income from tenant rs 500000.its main object to sell & purchase property.
my ques is is it taxable under hp or pgbp?
Shudhanshu Agrawal
(Expert)
15 September 2010
As per Section 22 of Income Tax Act, 1961 it shall be considered in HP.
15 September 2010
Agreed with Sudhanshu.
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