Income from business or income from house property
This query is : Resolved
01 November 2013
SIR WE HAVE ONE PROPERTY 60% PORTION OF THE PROPERTY IS LET OUT AND 40% PORTION WE ARE USING FOR OUR BUSINESS OPERATIONS. IN THIS CASE THE RENT RECEIVED FROM 60% LET OUT PROPERTY INCOME IN WHICH INCOME HEAD I HAVE TO SHOW? AND WHAT ABOUT THE DEPRECIATION?
CA UMESH DULAL
(Expert)
01 November 2013
income for HP
depreciation of 60% portion can be claimed as expenses for business
depreciation of 60% portion can be claimed as expenses for business
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