Income from Let out of Factory

This query is : Resolved

Ravi Kiran (Querist)
Follow

28 September 2008 Dear Sir,

SUPPOSE A PARTNERSHIP COMPANY DEVELOP FACTORY AND LET IT OUT THE FACTORY TO OUR SISTER CONCERN WHICH IS A PVT LTD COMPANY FOR MANUFACTURING OF TOOLS DIES AND PUNCHES THE RENTAL INCOME WHICH THE PARTNERSHIP COMPANY RECEIVES MONTHLY ON ACCOUNT OF LET OUT WILL BE TREATED AS INOCME FROM HOUSE PROPERTY OR INCOME FROM BUSINESS AND PROFESSION

PLEASE GUIDE

REGARDS

RAVI KONDA

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

29 September 2008 There is no other option but to apportion the income between property and other facilities.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Shameem ahmed

T.N.Reddy

6380177036

Amit Bhatkar

sachingurav

Subscribe Now

Income from Let out of Factory

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

GST CONSULTANT

Accountant

GST CONSULTANCY

CA Final