Rental income from wedding halls

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5 Points Posted on 07 October 2020
tax treatment of rent received by cooperative society from renting of wedding hall. Will it be treated as business income or income from house property?
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On 07 October 2020 at 07:50 Report
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This discussion explores the tax treatment of rental income generated by cooperative societies from wedding halls. The core question is whether this income should be classified as business income or income from a house property. The consensus leans towards treating it as business income, which allows for the deduction of related expenses.

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12244 Points Posted on 07 October 2020
In my opinion, it should be treated as business income
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On 07 October 2020 at 09:58
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204 Points Posted on 08 October 2020
It is business Income and by showing it as business income, you can also book expenses related to it
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On 08 October 2020 at 19:42
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Tax consultant
5895 Points Posted on 09 October 2020
Is it rented by a member
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On 09 October 2020 at 09:01

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