Hello
We are receiving Rs.9,00,000 as residential rent and Rs.14,00,000 lakhs as commercial rent. Business turnover is approx 5 lakhs. Total is 28 lakhs. So for calculation of basic exemption limit of 20 lakhs should we add the residential rent also which is exempted ? please clarify,
Thank you.
Nitin Agrawal
CAclubindia
