Taxation of consolidated lease rent (that is refundable) of properties
This query is : Resolved
28 December 2021
When we give a property on lease for a particular period
Eg: Say i give a property for lease for 4 years for a INR. 10 Lacs/-. This 10 Lacs is refundable on the expiry of the lease. I invest this in bank for 4 years)
How and under what head will the lease rent and the interest be taxable?
Eg: Say i give a property for lease for 4 years for a INR. 10 Lacs/-. This 10 Lacs is refundable on the expiry of the lease. I invest this in bank for 4 years)
How and under what head will the lease rent and the interest be taxable?
29 December 2021
Keep it in advance the 10 lacs received.
Treat interest earned as rental income.
Treat interest earned as rental income.
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