Tag Archives: Section 22

Income from sub-lease of property taxable under House Property

By | October 29, 2016

Held We further find that the main objects of the assessee in this case are providing advisory, consultancy and technical services in the area of real estate and properties such as architectural, civil construction, maintenance and related services. None of the above objects suggest that letting out of the premises was the business activity of… Read More »

Income from renting of warehouse is business income

By | August 27, 2015

Q  Whether income from renting of warehouse and godowns was chargeable under head Income from business ? A perusal of the profit and loss account of the assessee-company and the objects clause of the memorandum of association of the company clearly show that the assessee-company was incorporated with an object of carrying on the business of… Read More »