Rental income treated business or property income
This query is : Resolved
Kollipara Sundaraiah
(Querist)
24 January 2022
Sir,
A person maintained a functional hall (kalyaana Mandapam)
1.rental income from function wise
2.rental income from customers on daily staying income
Question:
1.assessee rental income treatment business or property income
2.construction of functional hall value depreciation claim allowed in it act.
A person maintained a functional hall (kalyaana Mandapam)
1.rental income from function wise
2.rental income from customers on daily staying income
Question:
1.assessee rental income treatment business or property income
2.construction of functional hall value depreciation claim allowed in it act.
Dhirajlal Rambhia
(Expert)
24 January 2022
1. Business income.
2. Yes, allowed.
2. Yes, allowed.
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