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HP income for companies

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6 Points Joined July 2017
TDS has been deducted u/s 194 Ib for a company. Under which head this income should be considered in Computation?
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On 17 June 2022 at 18:27 Report
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Chartered Accountant
86505 Points Joined April 2011
Income from Other Sources
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On 17 June 2022 at 20:42
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Practising CA
8954 Points Joined December 2013
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.
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On 18 June 2022 at 08:03
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Chartered Accountant
86505 Points Joined April 2011
I think here querist ask for Sec 194LB
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On 18 June 2022 at 09:29
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Practising CA
8954 Points Joined December 2013

I am reading SEC 194 IB .... I AND NOT L

 

 

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On 18 June 2022 at 10:00
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Chartered Accountant
86505 Points Joined April 2011
Yes i got it, but querist is asking for 194LB(only in my view), let wait for his reply
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On 18 June 2022 at 23:11

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