we are three partners and we are running business in my building,rent income from that property is taxable under which head,if property is in the name of the three partners what is the scenario
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Rent to the partner
Replies (5)
house property head
It is taxable under Income from House Property
If you are doing business of renting then it will be taxable under PGBP head.
taxable Under head houseproperty
if u business is Renting property then taxable under PGBP otherwise taxed in HP with partners name....
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