19 November 2009
as you said you have taken the house property on rent & then sublet this to some one. You earn during that transaction, so as you this is rental property that means you can not show this as income from house property.
Also letting the property is not your business (i assumed) so this will not be part of business income.
Conclusion : This will be considered as other source income in computation sheet.
CAclubindia
