Asked by Anonymous
We are a Management Committe running the daily maintenance of our service apartment which is on Commercial land. Our income is from Maintenance & Sinking Fund. Our Audited accounts shows a loss for the year 2019 & 2020. We have engaged a company to file our tax. The tax agent says our Rental income derived from Telecommunications tower are taxable. So eventhough our accts shows net losses, we have to pay separate tax on this rental income. Please advise
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