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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Nature of rental income - Letting-out/renting-out the property ...


Company's Rental Income Classified as Business Activity; Claimed as Income from Business and Profession.

September 7, 2018

Case Laws     Income Tax     AT

Nature of rental income - Letting-out/renting-out the property was in fact business of the assessee-company. Therefore, same was correctly claimed by assessee-company as income from business and profession.

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