21 July 2018
IF I SUBLEASE ANY HOUSE PROPERTY FOR RS 20000. AND I HAVE PAID RENT TO ORIGINAL OWNER LET SAY RS 5000, THEN HOW CAN I CLAIM THE EXP OF RS 5000? PLEASE SUGGEST ME
21 July 2018
Income from sublease is not an income from house property. The income is chargeable under the head "Income from Other Sources" unless you have a business of taking property on lease and subleasing them. The expenses incurred to earn sublease rent can be claimed by you.
Disclaimer : The answer to the query is given on the basis of the query as understood by the author. Author shall not be responsible for any loss or damage caused for the action taken based on the answer. The querist is advised to take legal opinion before taking any action.
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