Tax implications
This query is : Resolved
21 July 2015
A building which s owned by a co. They let it out.rent received ill be taxed under HP or BP?
Nikhil Kaushik
(Expert)
21 July 2015
house property.........................
Ankur Garg
(Expert)
21 July 2015
As rightly mentioned by expert, the same will be treated as Income from HP. It cannot be treated as BP bcoz that is not driven by business object of the company.
Thanks
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