Rental income

This query is : Resolved

Timir Palan (Querist)
Follow

20 February 2014 Can anyone tell me how the rental income on the following be treated

1. Rental income on Home Stay
2. Rental income on Bed and Breakfast accommodation
3. Rental income on corporate guest house

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

20 February 2014 1. income from business , if its the main source of income from business else income from House property.

2.is it connected with above?
3.need more details like who owns it? what is co business etc?

Message likes : 1 times

Timir Palan

Timir Palan (Querist)
Follow

20 February 2014 If it is owned by an Indian Co. (Pvt Ltd). And if the same is given out on rent, how will be the treatment for the same

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

20 February 2014 what is the business of co? giving it on rent or something else?

Timir Palan

Timir Palan (Querist)
Follow

20 February 2014 Is it possible to answer in 2 scenarios.....
a. If the business is giving on rent
b. If the bus. is something else

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

20 February 2014 if its business of renting taaxble as business income else incme from house property.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Manish Tiwari

rajkumar yadav

THUSHAR MURALI KRISHNA

Abhishek Kabra

ASHOK KUMAR TEKURU

Subscribe Now

Rental income

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA