Rental income treated business or property income


This query is : Resolved 

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.

24 January 2022 1. Business income.
2. Yes, allowed.


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