Furniture Rental Income Treated as House Property Income, Not Business Income, Per Section 263 of the Income Tax Act.

Furniture Rental Income Treated as House Property Income, Not Business Income, Per Section 263 of the Income Tax Act. https://www.taxtmi.com/highlights?id=22496 Revision u/s 263 - income received towards furnitures and fixtures has to be treated as income from house property only as is the case with the rental income from letting out of the premises and cannot be treated as business income. - AT en-us Mon, 13 Apr 2015 07:45:12 +0530 Mon, 13 Apr 2015 07:45:12 +0530 TaxTMI RSS Generator Furniture Rental Income Treated as House Property Income, Not Business Income, Per Section 263 of the Income Tax Act. https://www.taxtmi.com/highlights?id=22496 Revision u/s 263 - income received towards furnitures and fixtures has to be treated as income from house property only as is the case with the rental income from letting out of the premises and cannot be treated as business income. - AT Highlights Income Tax Mon, 13 Apr 2015 07:45:12 +0530 https://www.taxtmi.com/highlights?id=22496