I THINK ITS MID Q. SO WE CAN ANSWER IN BOTH THE VIEWS ITS CORRECT IN EXAM
AS HP SINCE OWNER IS INDIVIDUAL BASIS
AS PGBP AS THAT HP USED FOR BUSINESS
Menu
Q'n on house property
Replies (16)
I THINK ITS MID Q. SO WE CAN ANSWER IN BOTH THE VIEWS ITS CORRECT IN EXAM
AS HP SINCE OWNER IS INDIVIDUAL BASIS
AS PGBP AS THAT HP USED FOR BUSINESS
Income shall be chargeable under the head PGBP.
Because rental income earned incidental to business is chargeable PGBP nd not in house property.
Recent Threads
- ITR tax return related query
- Commercial property rent query
- What is the Accounting Treatment for the CAR buy b
- Intraday loss & FNO loss - small amount
- Query on carrying documents in case of e-way Bill
- 194C Income can be claimed under Other sources?
- ITR 2 filing error after validation
- ITR filing STCG LTCG
- TDS deducted against PF withdrawal
- VRS / Severance Pay full exemption u/s 89 ( 10E fo
Related Threads
CAclubindia
