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Query in hp income;-)

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krina

student

1263 Points Posted on 07 July 2013

Helloo Everyone,

Supposingly A person receives HP income from the tenant & along with that he receives car parking rent ..

So my Question now is that will Car parking rent included in HP Income or in other Sourses

Thanks alot in advance;-)

Replies (2)

purshotam vohra

CA IPCC

138 Points Posted on 07 July 2013

well i think it will be included in Other sources as it is a case of composite rent

Sagar Maheshwari

student

86 Points Posted on 07 July 2013

Rent will be taken as HP income, car parking will be taken as IFOS, but if car parking cannot be seperated frm HP then it will be treated as income of HP..

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Query in hp income;-)

krina

purshotam vohra

Sagar Maheshwari

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