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(Querist)
29 July 2011 can a pvt. ltd. company show residential property purchased by it and that is not used for business as investments?????
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
30 July 2011 There is no restriction on Pvt Ltd Company
for owning a residential house or any other property either as a business asset or as a non business asset.
It will be taxable under the head IFHP if it is not used for the purpose of business.
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Pawan

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Pawan (Querist)
01 August 2011 thanks a lot




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