taxation of rent of commercial complex
This query is : Resolved
15 August 2008
Sir,
my friend is the owner of commercial complex earning rent, i want to know whether it would be taxed under business income or house property. if house property then whether the expenses incurred by him can be adjusted
my friend is the owner of commercial complex earning rent, i want to know whether it would be taxed under business income or house property. if house property then whether the expenses incurred by him can be adjusted
16 August 2008
House Property income. Please see sections 23 & 24 of incometax act 1961
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