Letting out of property
This query is : Resolved
26 June 2013
RENTING OF A FACTORY BY A PARTNER OF A FIRM WHICH DISCONTINUED THE BUSINESS-WHETHER THE INCOME GENERATED FROM THE ABOVE IS TREATED AS BUSINESS OR HOUSE PROPERTY INCOME TO THE OWNER OF THE PROPERTY.PLEASE QUOTE A CASE LAW & SECTION FROM THE RELEVANT ACT REGARDING THE ABOVE.
30 June 2013
ANY INCOME FROM THE PROPERTY WHICH IS NOT BEING USED FOR OWN BUSINESS IS CONSIDERED UNDER THE HEAD INCOME FROM HOUSE PROPERTY. SECTION 22.
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