Rental income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 June 2012
A Private Limited Company own a land all the expenses of constructions has been incurred by the directors.(shown as unsecured loan in balance sheet). Company wish to rent it out.
Please guide us whether the receipts should be received by the directors or should be received by the company. What will be the tax treatment. who will pay the lower tax.
Please guide us whether the receipts should be received by the directors or should be received by the company. What will be the tax treatment. who will pay the lower tax.
Ca Anand Dubey
(Expert)
01 June 2012
Company will receive the rent and can pay interest on unsecured loan to its directors
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