banner_ad

Rent

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 September 2009 A sole proprietary concern had the rental income beside the major business income. Now the concern has been converted in the Partnership firm. But still the rent is received in the name of Sole proprietor concern and the TDS Certificate is also recd in the samne name.

So in whose hands will that income be taxed? Will it be the individual who had the concern earlier and now is the partner, or the partnership firm's income?
Profile Image

ARUN KUMAR V

Profile Image

ARUN KUMAR V (Expert)
11 September 2009 Rental income should be assessed with the owner of the property.
So if the proprietor still hold ownership rent should be assessed in the name of proprietor only.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details