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whether rental income by a company come under the head PGBP or IFHP

This query is : Resolved 
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(Querist)
06 December 2016 Our company receive rental from commercial let out to emirates of which property belong to company name. Company management want it be a part of pgbp but auditor says it should be shown under ifhp. for this reason company not avail to claim business expenditure highly and we have to claim only straight 30% std. ded u/s 24(a). Kindly provide any suggestion or proof so that we can discuss the same with auditor.
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Yogesh Agarwal

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Yogesh Agarwal (Expert)
07 December 2016 You need to look into the actual nature of business.. if it is mainly letting out the commercial property then it may be charged under the PGBP otherwise the income from HP is chargeable under the head IFHP..
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CS and ACMA Raju lakhani

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CS and ACMA Raju lakhani (Querist)
07 December 2016 As we all are aware of that moa & aoa are designed in the same manner for all co. however in real fact co. have only rental income
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
31 October 2021 Charge it under PGBP, if that is the only income.
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