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Rent on kalyana mandapam

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rajesh

Accountant

262 Points Posted on 08 July 2013

Dear Sir

We are giving Our Association Kalyanamandapam on Rent at the time of Occasion with out other Services so we are cover under which Service Category i.e., Rent on Immovable Property or ?

Please tell

Note. We are receive only rent for occupying our Kalyanamandapam for the Occasion purpose like Marriage or etc.,

Replies (1)

Shenba Associates

Partner

126 Points Posted on 08 July 2013

Very simple if this is your main business then it would be as a business income under the head PGBP income. Orelse if its ur part of your business then it comes under House Property Income.... Its advisible to show as a HP income