Terrace rental income - income from house property OR income ...

Income Tax

December 18, 2017

Terrace rental income - income from house property OR income from other sources - The terrace floor cannot exist in the air. It is part of the building which has been constructed on the land beneath the super-structure. It is, therefore, not correct to hold that the terrace does not have any appurtenant land - AT

View Source

← Previous Next →

Terrace rental income - income from house property OR income ...

Income Tax

December 18, 2017

You may also like:

Letting out of the terrace erection of antenna and income derived from letting out has to be taxed as “income from house property” and not as “income from other sources’ - AT

Rental income earned from terrace floor/roof area - exploitation of the licensed space - terrace floor cannot exist in the air. It is part of the building which has been...

Renting of terrace for installation of mobile antenna - taxable as income from House Property - deduction of 30% u/s 24(a) allowed - AT

Income from house property - Rental income inclusive of service tax - whether should be deducted from the gross rental receipts? - Held Yes - AT

Rental income from the property - income from other sources OR income from house property - By not recording construction expenses in books of account, the rights of...

Nature of Lease Rent Received - Income from business or house property or other sources - Lease agreements - furnishing of floors of the building given on rent -...

Income from house property - contributions of the tenants of the property towards sinking fund cannot be assessed as rental income of the assessee. - AT

Rental receipts from letting out commercial properties is assessable under the head income from profits & gains of business or profession and not as income from house property - AT

Correct head of income - taxability of rental income - the assessee is owner and thereby receives any income from house property, it should be taxed under the head...

Rental income from telecommunication tower installed on the terrace of Assessee to be assessed under head "Income from House Property" u/s 24 as against under head...

Quick Updates: