Please help
This query is : Resolved
24 July 2019
Hello
How is the taxable income calculated for a sole proprietorship hotel business ( property owned by the proprietor)is it come under business income or house property income
Hotel means Lodge rental income on daily basis.
How is the taxable income calculated for a sole proprietorship hotel business ( property owned by the proprietor)is it come under business income or house property income
Hotel means Lodge rental income on daily basis.
24 July 2019
I understand that an individual is running a hotel in his own building. If so, the
income from hotel has to be necessarily offered for income tax purposes under
the head ' income from business'.
income from hotel has to be necessarily offered for income tax purposes under
the head ' income from business'.
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