Which Heads Income it Needs to Be Taxed
Querist : Anonymous
One Company is under the process of Acquiring Property, During this process one of the flat acquired by the co. is "letout" & Earns the rental income from that flat
Now Question under consideration is that the income earned needs to be Taxable under Income from House Property Or Income From Buisness & Profession Or Other Sources
Pl. Reply Along with Explanation
Querist : Anonymous
we are treating the property as an "Inventories"of the company not as investments
Then wat would be the treatment ?
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