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Tax Audit For Commercial Property Rent

This query is : Resolved 

16 September 2024 Sir

Mr X individual constructed Commercial Warehouse on Land and Let out to Gst Registered Person and charging GST also .

Mr X wants to shown rental income as business income and wants to claim expenses and claim depreciation on constructed warehouse .Rental Income more than 1 CR. Mr X keeps Books Of Accounts .

Whether Tax audit can be done in this case.

Thanks.

16 September 2024 it is taxed under income from house property only. no tax audit or taxation under business income



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