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Regarding Rental Income

This query is : Resolved 
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(Querist)
31 August 2010 Sir

We are in Manufacturing Business, for the purpose of Business we take a building on "RENT",

and a small part of such Building WE let out to someone else i.e sublet out and received the rent.

The rent which we paid is illegible as expenditure u/s 30

I am confused about the rent which we received.
The rent which we received whether it covered under PGBP/ HP or Income from other Source.

For HP :As per Sec 22, the asses see must be owner of the Building. which we are Not.


For PGBP : Its not our Business

Remain Other Source.

Please explain me under which section it will be charged.


Please give any Case ref. if possible.
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CA PRAMOD SARAOGI

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CA PRAMOD SARAOGI (Expert)
31 August 2010 Rent earned from sub-letting of your property would be chargeable under the head " Income from Other Sources"

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