![Service Charges collected from Tenant is ‘House Property Income’ incidental to Rental Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "Service Charges collected from Tenant is ‘House Property Income’ incidental to Rental Income: ITAT [Read Order]")
Service Charges collected from Tenant is ‘House Property Income’ incidental to Rental Income: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the service charges collected from the tenant which is incidental to rental...
![No TDS on Premium paid for a limited period for Acquisition of Leasehold Rights: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-of-India-1-Tax-Scan.jpg "No TDS on Premium paid for a limited period for Acquisition of Leasehold Rights: SC [Read Judgment]")
Professional Charges for Processing Loan for Construction of Property from which Assessee Received Rental Income not allowable as Business Expenditure: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently held that the professional charges paid by the assessee for processing of loan for the construction of the property cannot be...
![Professional Charges for Processing Loan for Construction of Property from which Assessee Received Rental Income not allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Business-Expenditure-Taxscan.jpg "Professional Charges for Processing Loan for Construction of Property from which Assessee Received Rental Income not allowable as Business Expenditure: ITAT [Read Order]")
Lease Equalization Charges Deductible from Rental Income: SC upholds ICAI Guidance Note [Read Judgment]
The Supreme Court, in Commissioner of Income Tax vs. Virtual Soft Systems Ltd. held that deduction on account of lease equalization charges from lease rental income can be allowed under the Income Tax...
![Lease Equalization Charges Deductible from Rental Income: SC upholds ICAI Guidance Note [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Lease-Equalization-Charges-Taxscan.jpg "Lease Equalization Charges Deductible from Rental Income: SC upholds ICAI Guidance Note [Read Judgment]")
Deemed Rent from Unsold Flats not Taxable as they are Stock-in-Trade of Assessee-Builder: ITAT [Read Order]
In the case between M/s. Runwal Constructions vs. Assistant Commissioner of Income Tax, Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently ruled that the Assessing Officer cannot take...
![Deemed Rent from Unsold Flats not Taxable as they are Stock-in-Trade of Assessee-Builder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Flat-Taxscan.jpg "Deemed Rent from Unsold Flats not Taxable as they are Stock-in-Trade of Assessee-Builder: ITAT [Read Order]")
Rent received by an Association of Co-Owners Whose only Objective is to Derive Income from Letting out of Property is Taxable as ‘Income from House Property’: ITAT [Read Order]
While hearing the case between Manek Lodge Properties vs. Additional Commissioner of Income Tax, Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that rent received by an association...
![Rent received by an Association of Co-Owners Whose only Objective is to Derive Income from Letting out of Property is Taxable as ‘Income from House Property’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Rent-Taxscan.jpg "Rent received by an Association of Co-Owners Whose only Objective is to Derive Income from Letting out of Property is Taxable as ‘Income from House Property’: ITAT [Read Order]")
Sinking Fund collected from Tenant for Maintenance and Repairs of Property not part of Rental Income: ITAT [Read Order]
While hearing the case of M/s Altitus Managment Advisors Pvt. Ltd, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) recently held that receipt of sinking fund from tenant for maintenance...
Income from Sub-Letting Property under Leave and License Agreement is taxable as “Other Income”: ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that income earned by the assessee from sub-letting of property under leave and license agreement for a temporary period is taxable...
![Income from Sub-Letting Property under Leave and License Agreement is taxable as “Other Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Sub-Letting-Taxscan.jpg "Income from Sub-Letting Property under Leave and License Agreement is taxable as “Other Income”: ITAT [Read Order]")