WebJun 9, 2024 · No. Scenario: Tax treatment: 1: Company is an IHC: For a company which is an IHC and is: (i) Subject to Section 60F of the ITA (i.e. IHC not listed on Bursa Malaysia), the … Webthe income is to be treated as business income and not income from house property. The Supreme Court in the case of East India Housing and Land Development Trust Ltd.4 observed that since there is a separate head of income provided in the Income-tax Act, 1961 (the Act) for taxability of income from house property, the
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What is Income Tax Return & Is it mandatory to file Income Tax …
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