Tag: maintenance charges
Maintenance charges received from tenants taxable under income from other sources not house property – ITAT In a recent judgment, ITAT Bangalore has held that maintenance charges received from tenants are to be assessed under the head Income from other sources and not under income from House Property …
Maintenance charge income received from tenants held income from business or profession not income from house property. ABCAUS Case Law Citation:ABCAUS 3764 (2023) (06) ITAT Important Case Laws relied upon:M/s. Kirloskar Systems Ltd. vs. ACITCIT vs. Model Manufacturing Co. Pvt. Ltd. (1986) 159 ITR 270CIT vs. Kanak Investments …
Facility service charges apart from house rent taxable as business income. Amount received was for specific services like housekeeping, security, etc. ABCAUS Case Law Citation: ABCAUS 2900 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Kavita Marketing Pvt. Ltd. vs. ITO (159 ITD 547)/70 taxmann.com …
