Under Which Head its Taxable
This query is : Resolved
CA KALPESH LAKHANI
(Querist)
30 January 2008
i have a client who bought a one open plot 2 yrs ago. After that he constructed a godown on that plot and gave it on rent. now issuse is that whether its a INCOME FROM HOUSE PROPERTY or INCOME FROM BUSI. & PROF.? he has other business also.
CA KALPESH LAKHANI
(Querist)
30 January 2008
Rent is Rs.10000/-pm
CA KALPESH LAKHANI
(Querist)
30 January 2008
CA Hemant T Dewani
(Expert)
30 January 2008
rent received from godown is icome from house property,if you paid rent to others and received rent from this godown then it is under income from other sources
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