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Income from house property
where i show income from house property in Accounts?
Replies (2)
If you are a individual or HUF, than in Capital Account as head Rent Income
If it's Partnership Firm, or any other business entity, than Rent income under Major head Other Income in Profit and Loss A/c.
If it's Partnership Firm, or any other business entity, than Rent income under Major head Other Income in Profit and Loss A/c.
Show it as other income if aseesee is not engaged in the business of renting of housing property.
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