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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Treatment of rental receipts for the purpose of Income-tax - ...


Rental Income Exclusion: Tenant Never Occupied Property, No Additions to Taxable Income Under Review.

December 22, 2015

Case Laws     Income Tax     AT

Treatment of rental receipts for the purpose of Income-tax - Possession of the property was not taken by the tenant. Hence, the monies received by the assesses will not take the character of rentals - No additions - AT

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