Rent income chargeable in which head

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 June 2012 Dear Sir,
I have a Office Which i give on rent
income From Office rent Chargeable in which head ?
Income From House property or Income from Other Sources

07 June 2012 Income from house property is applicable to residential house property given on rent.

Accordingly rental income from letting out office shall be taxable under the head Income from House Property.

07 June 2012 It is taxable under the head Income from House property since property given for residential or business both r covered under Income from HP.


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Guest (Expert)
07 June 2012 It will be covered under Income from house property.



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