Which head of income

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RAJA P M ("Do the Right Thing...!!!") (127832 Points)
Replied 11 December 2017

Yes... I agreed to Mr Yash Chawda.

The property is under firm name then the Rental income treated PGBP...
In case the property is individuals name then the rental income treated as IFHP...

And one more thing.,
The Rental income treated in Firm's account.

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Yash Chawda (300 Points)
Replied 11 December 2017

so for company ???

Yash Chawda (300 Points)
Replied 11 December 2017

rent recd fron company to director taxable in which head ????

Pardeep Garg (CA-Final Student) (801 Points)
Replied 11 December 2017

house property.
since in case of firm, partner & firm are not separate legal entity.
but a co. have.

Yash Chawda (300 Points)
Replied 11 December 2017

so in case of llp

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RAJA P M ("Do the Right Thing...!!!") (127832 Points)
Replied 11 December 2017

The Company running in one of the Director's building then company will give rental to the Director... The rental is Director's Income. It's income from House Property in Director's hand...

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