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Treatment of rent received by lessee

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 December 2016 sir,
An assessee has taken a building as lease from Municipal body. Assessee now giving that building for functions marruages and earning rent. now these receipts to assessee is taxable under which head ?( PGBP or House property or Other sources).
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 December 2016 It is taxable under the head PGBP.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
20 December 2016 Above income to be considered as business income.
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