https://www.taxtmi.com/highlights?id=70552 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 en-us Sat, 24 Jun 2023 17:32:40 +0530 Sat, 24 Jun 2023 17:32:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70552 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 Highlights Income Tax Sat, 24 Jun 2023 17:32:40 +0530 https://www.taxtmi.com/highlights?id=70552