Characterization of income - license fee received by the ...

Income from licensing a fully furnished hotel is classified as business income, not rental income. Assessed under 'business or profession'.

February 11, 2021

Case Laws Income Tax AT

Characterization of income - license fee received by the assessee for licensing a fully furnished hotel along with license to run the hotel is a business receipt, which is assessable under the head ‘income from business or profession’ but not a rental income, which is assessable under the head ‘income from house property’. - AT

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Characterization of income - license fee received by the ...

Income from licensing a fully furnished hotel is classified as business income, not rental income. Assessed under 'business or profession'.

February 11, 2021

Case Laws Income Tax AT

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