House property or bunsinee
This query is : Resolved
29 December 2021
Rental Income Receipts of Individual from commercial complex of serveral rooms (i) is it offered Income from house property or business
29 December 2021
It's a business income, as it related to commercial complex.
05 January 2022
To tax the rental income under the head “Income from house property”, the rented property should be building or land appurtenant thereto. Shop being a building, rental income will be charged to tax under the head “Income from house property.
The individual should be the owner of the house property and should not be using it for his own business/ profession.
The individual should be the owner of the house property and should not be using it for his own business/ profession.
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