Hello everyone,
one of my client has purchased a hotel for rs.20 lacs and incurred rs.300000 for lincese and rs.10 lacs on interior decoration.
He has given the same on rent for monthly rent of Rs.50000/-
i am confused as to the taxability of this monthly income ie. it will be taxable under which head and treatment of lincese fees and cost incurred on interior decoration?
waiting for the views of the experts ?
CAclubindia
