Query in hp income;-)

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student
625 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;-)

 

 

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On 07 July 2013 at 21:58 Report
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CA IPCC
108 Points Posted on 07 July 2013

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

 

 

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On 07 July 2013 at 22:06
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student
76 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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On 07 July 2013 at 23:15

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