Rented place for hoarding

This query is : Resolved

ANIL SHARMA (Querist)
Follow

08 April 2015 If a person rents his land to the advertising company for hoarding and pays a rent for hiring that place can the receipant of rent for such an arrangement get the benefit of 30% for taxation purpose as in the case of normal rent

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

08 April 2015 http://taxguru.in/income-tax-case-laws/rent-mobile-antennae-installed-terrace-taxable-house-property-income.html

https://www.caclubindia.com/experts/tax-on-hoarding-and-banners-800375.asp#.VSU6avmUe5U

http://taxguru.in/income-tax/tds-194c-attracted-contract-putting-hoarding.html

CA Kanj Goel

CA Kanj Goel (Expert)
Follow

08 April 2015 No leasing for hoarding is taxable under pgbp or other sources.

Upgrade to CAclubindia Pro. Subscribe Now!