Income from house property
This query is : Resolved
17 December 2013
Is income from House property which is let out on lease is taxable?
17 December 2013
Yes, taxable.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
17 December 2013
IS the total amount is taxable?..what about when assesse is paying back?
18 December 2013
Yes, total amount is taxable. you mean assessee paying back means the assessee has to refund the amount of rent collected, in this case such refundable amount shall be treat as deposit and doesn't treat it as rent and doesn't offer to tax.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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