Muliplex rental income and amenties
This query is : Resolved
25 September 2008
Multiplex businees:
1.Can montly rental value recd taxable as house property income for land+Building part?
2.Surplus on re-imbursement of Common are maintaince recd as business income?
3.Claim Depreciation for plant & machinery of multiplex i.e(AC+chiller+other+lift) ?
1.Can montly rental value recd taxable as house property income for land+Building part?
2.Surplus on re-imbursement of Common are maintaince recd as business income?
3.Claim Depreciation for plant & machinery of multiplex i.e(AC+chiller+other+lift) ?
26 September 2008
Can you elaborate the term multiplex?
26 September 2008
26 September 2008
Multiplex(mall)i.e. cineam hall,big bazar,resturant,retail,coffee shop.
26 September 2008
There are two popular concepts for multiplexes-
1.Treat there Reantal Income as income from house property
2.Treat as business income of all inflow and get deduction of expenses
You have to opt any of above model which suits you
1.Treat there Reantal Income as income from house property
2.Treat as business income of all inflow and get deduction of expenses
You have to opt any of above model which suits you
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