Co-operative society tax planning

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if a co-operative hsg society has given its terrace or open ground on lease/rent to mobile tower company , can the income be computed under house property so as to get the 30% std deduction??

thanks...smiley

if aif a co-operative housing society earns through leasing/renting its terrace or open ground space to mobile tower companies, Can it claim the income in House Property?? i mean you get a straight away 30% standard deduction if you do so... thanks...

Read more at: /forum/co-operative-society-tax-planning-247527.asp#.UXpQS0qPQm4
hif a co-operative housing society earns through leasing/renting its terrace or open ground space to mobile tower companies, Can it claim the income in House Property?? i mean you get a straight away 30% standard deduction if you do so... thanks...

Read more at: /forum/co-operative-society-tax-planning-247527.asp#.UXpPm0qPQm4

if a co-operative housing society earns through leasing/renting its terrace or open ground space to mobile tower companies, Can it claim the income in House Property?? i mean you get a straight away 30% standard deduction if you do so... thanks...

Read more at: /forum/co-operative-society-tax-planning-247527.asp#.UXpPm0qPQm4

Replies (1)

It will be taxable under Income from house property.

you may also refer to the following link.

/judiciary/rental-income-from-letting-out-of-terrace-is-to-considered-as-income-from-house-property-subject-to-deduction-under-sec-24-1723.asp

 


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