Income from House Property vis-a-vis Busniess Income vis-a-vis Other Sources
Since decades there has been much controversy on Whether Charges received by an Assessee for providing services / facilities and amenities to his tenants, using the nomenclature as ‘Service Charges’, would or would not constitute the income from house property. As per section 23 of the Income tax Act, 1961, the Annual Letting Value of the premises is the … Read more