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HP income for companies
TDS has been deducted u/s 194 Ib for a company. Under which head this income should be considered in Computation?
Replies (5)
Income from Other Sources
Recent judgements by courts have given importance to the objecg clause in the MOA of the company. If rental income is incidental objective then it is income from house property. However, if it is the main object then it is income from business profession.
I think here querist ask for Sec 194LB
I am reading SEC 194 IB .... I AND NOT L
Yes i got it, but querist is asking for 194LB(only in my view), let wait for his reply
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