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Commercial house property

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(Querist)
06 January 2012 What is difference between commercial house property and residential house property ?
Rent received from factory building will be chargeable to under the head HP or IOS ?
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vipul Shah

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vipul Shah (Expert)
07 January 2012 It will be treated as either income from business or other source because it is meant for commericial purpose.
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CA. Krishna K Neeraj

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CA. Krishna K Neeraj (Expert)
09 January 2012 Even rent received from factory building can be taxed under income from house property.
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