Easy Office
Easy Office

House Property Income Vs. Business Income

This query is : Resolved 
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(Querist)
13 December 2008 My Client is engaged in the business of constructing the complex and sell the offices.

Till the offices are sold, the offices are leted out.

This income of Rent, whether will come under the head House Property Income or Business Income ?

The shops are leted out for more than one year but it is shown as closing stock under the head current assets in the balance sheet of the assessee.

how the computation be made for rent income from these offices ?
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Jitender

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Jitender (Expert)
13 December 2008 it is house property income.

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