When is income from rented accommodation to be treated as
investment income and when as trading income?
- 2 Answers
- 4542 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / chalapathi rao govada
The answer will depends on the nature of investment made in
property.
The Basic nature of the person or organisation is to carry
on the rental business ie to buy or consturct the
properties and to let out.Here the main motive of
investment is to earn the rental income.It is the main
business objective of such concern.
In this case we need to considered as Trading income not as
income form house property.
On the other hand rental income should be treated as
investment income or income from house property.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / ravi
investment income may be in the form of return which
we accpect the return may be in the form of intrest or
dividend rented accomidation treated as an investment
income when rent received is invested in securities
trading income is the income which is derived from
particular trade then it will be treated as trading income
generally trading income will be recorded in credit side of
trading a/c
| Is This Answer Correct ? | 0 Yes | 0 No |
What Is error of totalling? plz provide the neccessary notes?
Please send me rbi previous exam paper with ans for group B at aparna_majumder@ymail.com
whatis auditng
central exices
Expand---------MPSR
What is the mean of statutory audit?
Assume we have taken a vehicle on leasing Cost Of vehicle Rs.2445000 (vat 261964.00)on 22/12/09 ,the vecle lease for 4 years and made intial paymenent as Rs.25000 &the monthly leasing amount Rs.59806.00,pls let me know the double entries for this finacial year (with figers)
what are procedure we need to do at the time ACTO VISIT FOR AUDIT OF VAT .
How to caculate assets?
debenture comes under which head in tally
2 Answers Max India, TATA, Tisco,
Expand---------PRB
What are reasons for giving credit note and sales return to customers?
Audit 
