Vodafone mobile tower rent income ?
RESPECTED SIR,
VODAFONE MOBILE TOWER RENT INCOME. OF 200000 WITH TDS 20000 PAN STATUS IS FIRM . TAX SLAB IS 30 % TDS SECTION 194I EXPENSE TO MAINTANANCE OF TOWER IS 90 % AND PROFIT IS 10% QUERY IS THIS Income from Business ? OR Income from one House Property ? WHICH HEAD OF INCOME IS APPLY ? IN THIS CASE PARTY GET REFUND OR TAX PAYABEL ? REPLY NOW . THANK YOU SIR.
Replies (1)
PARTY CAN NOT MAINTEN REGULAR BOOKS OF ACCOUNTS, THAT IS INCOME SHOW UNDER 44 AD OR OTHER HEAD OF INCOME. WHICH ONE IS BETTER ?
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