Rent Income

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L
1678 Points Posted on 25 May 2010

if there is rental income on portion of business property to outside, then whether this income will be consider as business income or rental income ? and whether depreciation on such property is proper ? Please provide Cash Law, if available.

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On 25 May 2010 at 15:37 Report
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its consider to be business income...my answer is base on eg...if a school rented some portion to any then it is consider to be business income...
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On 25 May 2010 at 16:19
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CA in practice
384 Points Posted on 03 June 2010

rental income is considered as incilary activity and should be treated as business income

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On 03 June 2010 at 07:49

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