If I form a (holding) company which consists all my assets including real estate, equity,bonds etc..Will the rent earned from commercial property taxed under house property income or buisness income.
I am asking because I can get 30% standard deduction if the rent income is considered income under house property.
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Income under house property
Replies (8)
if the company's AOA say so
Does it mean Company AOA has to mention the purpose of the company as holding company?
it has to specify the nature of its business activities and it should include income from house property and the house property should be owned by the company
it will be considered as pgbp
see,This is the problem.Some say it's pgbp some say it's income under house property.
The issue is disputed :(
The issue is disputed :(
how a company can have house... so it should be considered as pgbp
"House" includes any building.
Shop,Office, Showroom, Apartment anything
Shop,Office, Showroom, Apartment anything
if company have buisness of landing property than it shall be covered under pgbp
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