sir if I want refilling return so I am business retail and paid shop rent yearly. 30000. to my friend bcoz shop owner is my friend its expenditure for me. 30000. so its fact that its my friend income from house property.
but my friend take totally amount house property side or.
30000
-9000. 30% deduction
_______
21000 which amount is income from house property. and what is select. self occupied or
let out.
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INCOME FROM HOUSE PROPERTY
Replies (5)
Let Out
21000.
21000 let out
21000 let out... if he paid any municipal taxes for that shop, that can also be deducted..
rama krishan is absolutely correct
it's right treatment..
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