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taxability of income from paying guest

IPCC 438 views 3 replies

hareesha G

88 Points Posted on 14 June 2019

1.under which head taxble ? 2.whether business head u/s 44AD ?

Replies (3)

Giridhar S Karandikar

Team Lead

7558 Points Posted on 14 June 2019

house property

c jyothi

Student CA IPC / IPCC

103 Points Posted on 14 June 2019

It is Taxable under house property.

SANKALP AGRAWAL

359 Points Posted on 15 June 2019

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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