Sum received from display of advertisement on assessee’s undergoing real estate project is a business income or house property income?

Income Tax Act, 1961, Section 14 Heads of income---Income from house property or Income from other sources---Sum received from display of advertisement on assessee’s undergoing real estate project Conclusion: Rental income received for display of commercial advertisement on assessee’s undergoing real estate ...
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Interesting Ruling on Pure Agent

Interesting Ruling on Pure Agent *Ruling on Pure Agent* Authority for Advance Ruling, Maharashtra has replied that the conditions as laid down for pure agent in the GST provision is not fulfilled and hence the reimbursement would be treated as consideration ...
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Exemptions under the Income from House Property

Exemptions under the Income from House Property In this article we will discuss the cases wherein the income from house property is exempt. Section 10(1): Income from any farm house that forms part of agricultural income is exempt. Section 10(19A): The ...
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