Treated as a which income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 January 2015
Section 22 Income from House Property

Land owned by Director who is also shareholder(99%) of a Private Limited company

Building owned by that pvt. ltd. co. on that land & in that building co. is carrying on business.

Land rent is being received by the director from that co.

Now the question is whether the land rent received by the director can be considered as income from house property under section 22??

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

20 January 2015 yes if there is seperate agreement bet the co and director and if there is landlord tennant relationhsip then yes its taxable as income from other sources.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA K GIRIDHAR

shubham agrawal

T E SOUNDARARAJAN

Krishnan V

Sivanath VV

Subscribe Now

Treated as a which income

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Manager- Finance and Compliance

Senior Executive

Accountant

GST CONSULTANCY

CA Final