trade business

Use of residential premises for professional/business/office purposes

Can residential premises be used for professional or business office purposes? It is generally believed that only a part of the flat can be used for professional purposes and that no part of the flat can be used for business office purposes. However the decided case laws on the subject speak otherwise.
Full Article

Construction activity is not manufacturing u/s. 35D of the Income Tax Act, 1961

Those undertakings would qualify as `industrial undertakings' which are involved in `manufacturing activity'; the activity of construction can, by no stretch of imagination, be treated as manufacturing activity as it does not amount to manufacture or production of an article or a thing.
Full Article
Copyright © TaxGuru 2011. All Rights Reserved.
About Us - Advertise - Privacy Policy - Back to top