Rent income for paying guest

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 April 2013 Dear Experts,

Income derived by providing accomodation as a paying guest would be taxable under house property or business profession?

Also can hra benefit be claimed by the person paying rent on the basis of rent receipt?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 July 2013 1. Yes. it is taxable under Income from house property only

2. Yes. person paying rent on pg eligible for HRA deduction based on the receipt