Saturday, September 18, 2021

Maintenance charges received from tenants for repairs of rented property is assessable as business income: ITAT

INCOME TAX : Maintenance charges received by assessee owner of a property from tenants for undertaking maintenance of common areas of property was to be assessed as income from business and profession

from www.taxmann.com Latest Case Laws https://ift.tt/3AlQjSl
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...