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Income from House Property

This query is : Resolved 
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(Querist)
21 April 2009 Supose i rent a house to X. X sublets it to Y what will be the treatment of income in the hands of X.
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CA. Krishna K Neeraj

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CA. Krishna K Neeraj (Expert)
21 April 2009 Depending upon nature of such income, income from subletting of house can be taxed in the hands of X either as business income or income from other sources
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
21 April 2009 Profit and gains of business and profession (if X is engaged in the business of renting house )
income from other sources (if this is occasional phenomenon)
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CMA KNVV Sri Vidya - Sri Kanth

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CMA KNVV Sri Vidya - Sri Kanth (Expert)
21 April 2009 i agree with manu
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