TAXATION


This query is : Resolved 

(Querist)
17 April 2010
Que 1 treatment if house property is used for another person business without rent?

Que 2 Why income from hotel business / paying guest / accommodation / warehouse is taxable under PGBP inspite the fact that letting out of HP whether it is your business or not is taxable under HP?
Que 3 treatment advance municipal tax paid by the landlord?


17 April 2010 1) It will be considered as used for B&P
2) Look at the nature or source of income , you can easily differentiate between HP & PGBP
3) I am not sure but i think it is allowed on actually paid basis :)

17 April 2010 yES, municipal tax is allowed on paid basis.

17 April 2010 Municipal Tax is allowed on payment basis.


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