Rental of Building On Longer Term Even By A Hotelier Can Not Be Business Income !

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Income Tax Act 1961 has express provision of charging income from rental of building or house under the head Income from House Property . Thus , most of the court decision are unanimous about the treatment of the rental income usually under Income from House Property . This is so , even in a case...

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Three Girls Capture First Three Ranks in CA Exam! Where are you , Boy ?

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Maitreyee Narayansing Rajaput, Arti Jain and Charmy Suresh Sheth, the three young women have made history by sweeping the top three all-India positions in this year’s chartered accountancy exam. The top rank has been bagged by 21-year-old Maitreyee Narayansing Rajaput of Pune. The second rank went to Arti Jain of Bikaner, while Charmy Suresh Sheth [...]