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Hostel income

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(Querist)
28 December 2012 Sir,I want to know about hostel income,Under which head the above income should be taxable.(Assessee received rent from his hostel)
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Soumitra Basu

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Soumitra Basu (Expert)
05 January 2013 income from house property. if the assessee do the hostel business then the income may have to be charged under the head inoome from profits and gains.

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