Correct head of income - letting out of Hotel/Resort as running ...

Income Tax

June 24, 2023

Correct head of income - letting out of Hotel/Resort as running business - treatment of revenue receipts from operation of Hotel/Resort - Contract for managing the business from the said premises on a consideration of management license basis - No fixed consideration - the revenue receipts are undoubtedly income from the Business and therefore, should be treated under the head “Business Income” but not as rental income from “House Property” - AT

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Correct head of income - letting out of Hotel/Resort as running ...

Income Tax

June 24, 2023

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