income tax
This query is : Resolved
24 October 2009
Dear frnds
i have a shoping complex and i am earning income from that building ie i am let out that building to another that person deals in let out buisines. i am also possess another residential house And allso have rental income. inorder to compute my taxable income , income from shoping complex is charged either in house property or business income ? and wht are the basis to characterising business income ?
i have a shoping complex and i am earning income from that building ie i am let out that building to another that person deals in let out buisines. i am also possess another residential house And allso have rental income. inorder to compute my taxable income , income from shoping complex is charged either in house property or business income ? and wht are the basis to characterising business income ?
K V Subba Rao
(Expert)
24 October 2009
You may like to check the following link
https://www.taxguru.in/income-tax-case-laws/income-cannot-be-assessed-as-income-from-house-property-just-because-income-is-attached-to-immovable-property.html
https://www.taxguru.in/income-tax-case-laws/income-cannot-be-assessed-as-income-from-house-property-just-because-income-is-attached-to-immovable-property.html
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