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Q'n on house property

Page no : 2

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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