I THINK ITS MID Q. SO WE CAN ANSWER IN BOTH THE VIEWS ITS CORRECT IN EXAM
AS HP SINCE OWNER IS INDIVIDUAL BASIS
AS PGBP AS THAT HP USED FOR BUSINESS
S.ASWATH
(Manager)
(704 Points)
Replied 23 January 2012
I THINK ITS MID Q. SO WE CAN ANSWER IN BOTH THE VIEWS ITS CORRECT IN EXAM
AS HP SINCE OWNER IS INDIVIDUAL BASIS
AS PGBP AS THAT HP USED FOR BUSINESS
Sandeep bansal
(CA Final student)
(24 Points)
Replied 15 February 2012
Income shall be chargeable under the head PGBP.
Because rental income earned incidental to business is chargeable PGBP nd not in house property.
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