Whether taxed under Property Income or Income From Business
This query is : Resolved
13 March 2009
One of my client having a partnership firm, taken the land on lease and constructed a warehouses on leaseed land and thus generating the income. My client is also paying rent to the Land owners and deducting the tax. Please help me out under which head of income he is liable?
CA Tilak Raj Sharma
(Expert)
13 March 2009
Already answered.
CA Tilak Raj Sharma
(Expert)
13 March 2009
Already answered.
CA Tilak Raj Sharma
(Expert)
13 March 2009
Already answered.
CA Tilak Raj Sharma
(Expert)
13 March 2009
Already answered.
13 March 2009
its a business income.
C A GROUP COACHING
(Expert)
16 March 2009
Renting of warehouse Income will be treated as Income from Business. Supreme court decision is there in this regard
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