Income from sub-licensing of property is not business income

By | May 20, 2017
(Last Updated On: May 20, 2017)

Income from sub-licensing of property, held not business income

The Supreme Court of India addressed the character of income from the sub-lisensing of retail property, and held that such income was taxable as “house property” income and not business income. The case is: Raj Dadarkar and Associates. Read a May 2017 report [PDF 368 KB] of KPMG

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