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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

The income received by the assessee by letting out fully ...

Income Tax

August 23, 2014

The income received by the assessee by letting out fully furnished office premises and furniture is required to be assessed under the head income from other sources - HC

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  1. Business premises let out - Whether assessable as assets under section 2(ea) of Wealth tax or not - premises were not covered by exclusions provided under section 2(ea)(i) - AT

  2. Income received by the Assessee from letting of the premises - premises are furnished and centrally air conditioned - ITAT was correct in holding that the rental income...

  3. CENVAT credit - inputs - furniture used in the office of the appellant premises - since the goods used for rendering services from the office, credit of excise duty duty...

  4. Income from house property - ALV of property - amounts received under the maintenance agreement - There are certain services provided by the assessee which are common...

  5. Cenvat Credit - Input Services - housekeeping services keeping he factory premises neat and clean and construction services for construction of certain office rooms in...

  6. Rent received - whether the letting is a composite or inseparable letting - Income to be taxed under the head Income from other sources - HC

  7. Input tax credit on common services - Eligibility of Head Office to avail ITC - in the instant case, it is observed that the common input services received by the...

  8. Depreciation in respect of electrical installations, elevators, DG sets installed in the building, which have been let-out by the assessee, which is receiving rental...

  9. Lease rent received by the assessee from letting out buildings along with other amenities in a Software Technology Park is chargeable to tax under the head ‘income from...

  10. CENVAT Credit - The maintenance and cleaning services of the office premises as also the residential colony has been held to be Cenvatable input services - AT

 

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