Tax on hoarding and banners
This query is : Resolved
CA MAZHER MAJEED KHAN
(Querist)
17 October 2011
if a person only source of income is the rent he recieves on hoardings banner on his residential building than under which head his incime will be taxed
17 October 2011
Taxed under the head income from other sources.
Message likes :
1 times
CA MAZHER MAJEED KHAN
(Querist)
17 October 2011
Thank you sir
What about income from mobile towers build at residential building or an empty plot of land
What about income from mobile towers build at residential building or an empty plot of land
17 October 2011
As per decided case law by bcutta High Court in the case of Mukherjee Estate (P) Ltd v. CIT (2000) 244 ITR 1. It was decided that the assessee let out the roof for advertisement for hoarding and that the income cannot be considered as income from house property as hoardings do not form part of the building. Such income is chargeable under the head “Income from other sources”. However, if assessee has an agreement to rent his terrace to the party then it would be income from house property but if he has an agreement to rent hoarding or build tower then it will be income from other sources.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Accounting treatment of AMC alongwith the purchase of Laptop
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
