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Vivek Lala | Answer |Ask -Follow

Tax, MF Expert - Answered on Oct 25, 2024

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more

Asked by Anonymous - Aug 12, 2024Hindi

Money

sir, A Doctor running a two hospitals . 2 nd hospital rent to another Doctor and advance ,rent from another Doctor . Doubt: Rental income commerical property or house property treated and advance from another Doctor without interest accepted.

Ans: Both are incomes, one is business income and second is rental income from commercial property

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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