Income tax

This query is : Resolved

Guest

Guest (Querist)

25 September 2010 Income from tower(eg-a reliance tower) on the house property is taxable in which head income from house property or income from other sources.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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25 September 2010 INCOME FROM OTHER SOURCES

Guest

Guest (Querist)

26 September 2010 Sir,but income from other sources charging section says that if any income is not related to any head then the income will be chargeable in the head income from other sources(the residuary head),but here the tower is related to the house property can it be charged in income from house property.If possible please also give a example and a case law

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 September 2010 Agree with Mr. Sanat Pyne

House property defined in Income tax as

House Property consists of any building, flat, shop etc., and the land attached to the building.

So tower is not a House property, it is Income from Other sources only