Incometax
This query is : Resolved
09 March 2016
OUR IS PARTNERSHIP FIRM ENG WORK HAVING FACTORY SHED AT MIDC AND PART OF THE FACTORY IS GIVEN ON RENT . THE RENT RECIEVED CAN BE SHOWN AS HOUSE PROPERTY INCOME AND WHETHER INT ON CAPITAL AND REMUNERATION TO PARTNERS ARE ALLOWABLE AS DEDUCTION FROM THE SAID PROPERTY INCOME OR NOT PL EXPLAIN
09 March 2016
Rent recieved from renting is income from HP but no deduction is allowed against this income except for sec 24 (a) n (b).
Int on capital & remuneration to partners not allowed to deduct against rental income.
Int on capital & remuneration to partners not allowed to deduct against rental income.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Treatment of Pension ?annuity returns on PMVY
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- REGARDING GST LIABILITY/....
- Last year TDS Claim
- Long Term Service award taxability in hands of company
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
