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Head of income
One of my client has given her bar license on lease for a monthly rent of Rs.1,30,000.Now for AY 2017-18 both tds on rent and tcs on ksbcl purchase(liquor) are reflecting in 26AS. If I consider both income then it wil have double effect.Kindly provide me suggetion regarding how to file tax return.
Replies (6)
it will come under house property
Ashwin Kumar Ji,
How can it be taxable under HP because it is income from rent of bar license and on rent of house property
How can it be taxable under HP because it is income from rent of bar license and on rent of house property
I didn't see that ..it's income from lease of bar license the same....then it is pgbp sec 37
Great... 👍
what about tcs of liquor purchase? Should I declare even income from bar business?
well the question is silent for any other purposes....then it's business purpose...
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