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'.
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
- Refund Annexure-B
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Liable to deduct tds and 44ADA
- Payment to foreign customer
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Non issue of e way bill
- Subscription paid to foreign customer
- Gstr7 vs Gstr3b 2026
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
