Income from house property
This query is : Resolved
Mahendra Naik
(Querist)
31 August 2012
Is standard deduction of 30 % applicable to corporate(Pvt Ltd co) who has leased out property owned by it?
CA Ayush Agarwal
(Expert)
31 August 2012
Yes, If They are Booking Their Rent Income as "Income From HP" Head.
Income Shud Be From House Property Only.
Otherwise Book as Business Income.
Income Shud Be From House Property Only.
Otherwise Book as Business Income.
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CA. Subhash Dangi
(Expert)
31 August 2012
YES, IT IS APPLICABLE TO COMPANY ALSO
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