Income received from hostel
This query is : Resolved
28 May 2019
Sir, I want to know about hostel income, Under which head the above income should be taxable.
Assessee received rent from his hostel (Food, Transport facility not included). How we deduct expenditures and get net income. Please give me an example.
Assessee received rent from his hostel (Food, Transport facility not included). How we deduct expenditures and get net income. Please give me an example.
29 May 2019
This income is taxable under business head. Include food and transport income and deduct all expenses to arrive at net income.
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