Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Estimation of the annual value of the property - The income of ...


Estimating Property Value: Include Income from Leasing and Maintenance Services as Business Income for Tax Purposes.

August 30, 2018

Case Laws     Income Tax     AT

Estimation of the annual value of the property - The income of the assessee both from leasing the space as well as providing maintenance services had to be considered only under the head income from business.

View Source

 


 

You may also like:

  1. Correct head of income - Income from leasing or letting out the properties in shopping-cum-entertainment Mall - “income from business” or “income from house property” -...

  2. Income from leasing the hotel was income from business and not income from house property - AT

  3. Correct head of income - the major source of income for the assessee is rental income. The assessee obtained long-term lease of the property and sub-leased the same in a...

  4. The ITAT Delhi ruled on the correct classification of income from property lease - whether as rental income, business income, or other sources. The lease agreement...

  5. Revision u/s 263 by CIT - rental income which had been shown as “Income from Business & Profession” rather than showing the same as “Income from House Property” - once...

  6. Annual value determination - Estimating the value of the house property - assessee should be granted vacancy allowance.

  7. Nature of rental income - Income from house property or business income - acquiring and leasing properties - rental/licence fee received by the assessee in respect of...

  8. The High Court held that rent income derived from letting out properties by the assessee should be treated as 'Income from Profits and Gains of Business' and not 'Income...

  9. Recovery of service tax u/s 73(2) of Finance Act, 1994 and section 174 of CGST Act, 2017 with interest and penalty was challenged. The issue pertained to classification...

  10. Value of clearing and forwarding service to include value of reimbursement of expenses - AT

  11. The case pertains to the correct head of income for rental income receipts, whether assessable under 'Income From House Property' or 'Income from Business'. The key...

  12. Classification of services - renting of immovable property service or Support Services of Business and Commerce - assessee has rendered composite services whereas as per...

  13. Rectification u/s 154 - Deduction claimed u/s. 80IAB - Wrong classification of income under the head ‘income from house property’, has resulted in wrong claim of...

  14. Correct head of income - income from letting out of warehouses or property to lessees - in cases where the earning of the rental income is the exclusive or predominant...

  15. Valuation - maintenance and repair service - cost of consumables and spares used in providing maintenance service to be included in gross value - AT

 

Quick Updates:Latest Updates