Most urgency..............
This query is : Resolved
26 August 2011
sir,
our client is having company of manufacturing gift products...we are having some vacant land avaiable and we give the land on rent and generating rental income.Now this rental income should be taken in my p&l or deemed as
house property income.....plse guide us@@
our client is having company of manufacturing gift products...we are having some vacant land avaiable and we give the land on rent and generating rental income.Now this rental income should be taken in my p&l or deemed as
house property income.....plse guide us@@
26 August 2011
1)If it is a temporary affair, income may be offered under the head 'income from business'.
2) If letting out is permanent affair, income falls under the head'income from other sources'.
2) If letting out is permanent affair, income falls under the head'income from other sources'.
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
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- New Garden in Place of Old Garden
- Indian IT Portal issue in computing tax as per UK-India DTAA
- F & O PROFIT REPORTING FOR AY 2026-27
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
