PGBP or House Property
This query is : Resolved
Vinay sawant
(Querist)
17 October 2017
If I own a business of running cinema theatre.so the income which I earned from selling the tickets was considered as my PGBP. few months later I gave on rent the cinema house premises including my core operations to earn the rental income.tell me whether such rental income shall be treated as PGBP or House property.
K Srinivas, CMA CS
(Expert)
17 October 2017
As income from house property since i assume that you have let out the property for earning rental income and you do not provide any other services to the tenant.
Vinay sawant
(Querist)
20 October 2017
can it be considered as a composite rent as the rental includes renting from property as well as renting from amenities.
Vinay sawant
(Querist)
23 October 2017
can you give me any relevant case law for the same ?
Dhirajlal Rambhia
(Expert)
01 October 2021
It can be treated as income under PGBP, as just hall is not given on rent.
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
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
