transit rent in case of redevelopment

HI Mihir,

Can u pls elaborate the facts??

that rent is paid in respect of the property, which is being developed or it is the reimbursement of  the rent paid for the temporary accomodation during the period of development....

hi amir,

the case is that the rent is paid for temporary accommodation during the period of construction.

Sounds bit unusual......

Anyways, then it will fall u/s 41(1) and will be treated as a Business Income, if the temporary accomodation is taken in course of business.

Otherwise, I dont think this receipt will be taxable...

Hi Amir & Mihir,

Is the Tds Appilcable in this case as TDS on Rent .

Kindly explain pr advice

Thanks

Ashok