Income tax
This query is : Resolved
PIYUSH SINGLA
(Querist)
09 March 2013
Conversion of a Private Limited Company into a Limited Liability Partnership.
Section 47(XiiiB).
My query is
Will the income under the head house property is considered as a part of turnover for the provisions of Section 47 (XiiiB).
Section 47(XiiiB).
My query is
Will the income under the head house property is considered as a part of turnover for the provisions of Section 47 (XiiiB).
CA PARAS BAFNA
(Expert)
09 March 2013
In case the business is not of letting out the house properties, then it will not form part of the turnover or gross receipt.
.
The phrase Total Sales, Turnover or Gross Receipts have been used in connection with the Business only. It is not intended to include all kinds of receipts.
.
.
The phrase Total Sales, Turnover or Gross Receipts have been used in connection with the Business only. It is not intended to include all kinds of receipts.
.
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