banner_ad

Rent Rreceipts

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 June 2023 I have a big doubt about Rent recd as fallows.
A is the owner of building and made all required furniture and other items to run a PG.
Now he has join hands with 'Y' to run the P.G. Now Y gives to A about 75 percent of accupency of PG. as rent and balance he will retain for maintenance, and the amount so recd is not equal for all the months,. Now shall we consider the amount so recd as rent and get all the benefits under rent receipts in computation of income tax, or to show the same as income form other sources.
Please clarify
Thanks in advance,
K.B.NAGESHA RAO
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
29 June 2023 Declare it under business income so that all the relevant expenses can be deducted.
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
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

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

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details