Subletting firm taxation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2018
Sir,what is the treatment of rental income from subletting?is it business income?which is the ITR to be filed?what are the assets of such a firm other than bank and cash as the building is not owned?please help
K Srinivas, CMA CS
(Expert)
17 March 2018
Income from sub letting is assessed to tax under rent from house property.
K Srinivas, CMA CS
(Expert)
17 March 2018
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