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taxability of income from paying guest
1.under which head taxble ? 2.whether business head u/s 44AD ?
Replies (3)
house property
It is Taxable under house property.
If your substantial income and expense is related to the business of paying guest.. then it will be PGBP.. and if your income is just a casual (side) income and you don't do much of expenses for it.. then its HOUSE PROPERTY...its Called *SUBSTANCE OVER FORM*
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