Rent of multiple houses
This query is : Resolved
Umar Sheak
(Querist)
28 July 2015
Assassee company has been earning rental income from various houses...and purchasing houses and leting them. .
in which head it is taxable. ...and why??
CA Dhrunal Mehta
(Expert)
28 July 2015
If its assessee's business is to buy house and give it to on rental then the income will be under head business or profession and if company is hab=ving one or two house and giving it on rent than income will be under house property head.
CA Dhrunal Mehta
(Expert)
28 July 2015
If its assessee's business is to buy house and give it to on rental then the income will be under head business or profession and if company is having one or two house and giving it on rent than income will be under house property head.
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