Treatment of rental income under house property - Disclosure of ...

Income Tax

May 13, 2022

Treatment of rental income under house property - Disclosure of rental income received from the property by the assessee as business receipts and the assessee has claimed the other expenditure against the business receipts - On perusal of the facts, prima-facie the claim of business expenses against the rental income in not a prudent practice. - AT

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Treatment of rental income under house property - Disclosure of ...

Income Tax

May 13, 2022

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