Income from House Property

This query is : Resolved 

21 April 2009 Supose i rent a house to X. X sublets it to Y what will be the treatment of income in the hands of X.

21 April 2009 Depending upon nature of such income, income from subletting of house can be taxed in the hands of X either as business income or income from other sources

21 April 2009 Profit and gains of business and profession (if X is engaged in the business of renting house )
income from other sources (if this is occasional phenomenon)





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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries