A company has it own ofiice building.
He gave the ground floor of building to a bank WITHOUT charging any rent.
Wether the department can Charge tax on any notional Rent from company.???????
Ritesh Jain (CA, CS in Job) (675 Points)
03 January 2009A company has it own ofiice building.
He gave the ground floor of building to a bank WITHOUT charging any rent.
Wether the department can Charge tax on any notional Rent from company.???????
CA. Ashok shah
(CHARTERED ACCOUNTANT)
(333 Points)
Replied 03 January 2009
Please state contents of the agreement entered into between theCompany and Bank while leasing out the Ground floor of the office building.
CA. Ashok Shah
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