Dear all,
I would like to know which is the better way to disclose the income from a commercial property (under a mortgage loan) i.e. under house property or profession/business. Please let me know in detail with reasons and also by considering the provisions of Wealth Tax.............
dear all!
i and my wife had a jointggly owned house wehich was sold for wpyrofit in 'may12.
my wtifeis a puoensioner.
should the entire amount -eoif sale proceeds be / shown for computation of tax?
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
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Interactive Media Pvt Ltd.
New Delhi
CA Inter
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CCI
Pro
CAclubindia
