Easy Office
LCI Learning

House property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 December 2011 I own a Car parking space in a building located in CP. I am not the owner og the building but i let out the said parking space on rent.
I want to know rent received from the said premises wil be income from House Property or Other Sources.
Kindly reply with the Sections also.

Thank you
Profile Image

Darshit Joshi

Profile Image

Darshit Joshi (Expert)
20 December 2011 It will be income from other sources as ownership of property is must for an income to be taxed as income from house property.
Profile Image

CA VISHAL RANA,CS,B.Com,AMFI

Profile Image

CA VISHAL RANA,CS,B.Com,AMFI (Expert)
20 December 2011 rent received from let out parking space is treated as income from other sources because you are not owner of building.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links