I get lease rent from WTTL Company for the mobile tower erected at my property.
My property in the sense agricultural Land. I would like to know under which head does it come?
Will i be able to claim std deduction of 30% or wil it come in income from other sources??
Pay the Service tax on the IBS System (Rent on
It will come under “Business Support Services” category... Savan Somani
Dear frend it will come under other source. No std deduction can be clamied. However any expense incurred to earn rent can be clamied as deduction from income
Dear frend it will come under other source. No std deduction can be clamied. However any expense incurred to earn rent can be clamied as deduction from income
it will be taxed under other source because the mobile tower is errected on the vacant land not on the building.. any income derived from letting out vacant land is taxable as other source.
Anupam Parashar & Co.
Ghaziabad
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KK & Company Chartered Accountant
Pune
CA Inter
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