CBDT circular regarding treatment of Lease rent from Industrial Park/SEZ.

CBDT in Circular No:16/2017 dated:25/04/2017 clarified about the treatment of income arising from letting out of premises/developed space along with other amenities in an Indian Park/SEZ is to be charged under “Profits and Gains of business” or “Income from House Property” which has been subject matter of litigation in recent years.

The issue has been clarified in the circular:

CBDT circular regarding treatment of Lease rent from Industrial Park, SEZ.

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