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


TaxTMI
TaxTMI