lease rent
This query is : Resolved
10 August 2009
say a person has given a land on lease for parking purpose to a Hotel. He is getting monthly lease rent. Now how this income would be treated. Is there any deduction on lease rent. Please answer
10 August 2009
if annual rent is gretter than 1.2lakh then u should deduct TDS u/s194H
10 August 2009
if annual rent is gretter than 1.2lakh then u should deduct TDS u/s194H
10 August 2009
plz read the question properly before answering. I ask under which head we should show the Income from lease rent. where is that answer. then comes the matter of deduction... I was asking if the assessee will get any benefit .as in case of House Property we get 30% deduction.
10 August 2009
if land is a part of building then it will be taxableu/h H.P. otherwise it will be taxable u/h other sources.
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