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Income from house property or business income

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(Querist)
10 December 2012 Hi
I would like to know which is a better way to show the income from commercial property(under a mortgage loan)i.e.under house property or from business/profession.Please let me know in detail with reasons considering the provisions of wealth tax and related laws..........
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V K Bajaj

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V K Bajaj (Expert)
11 December 2012 Ms Nandini

Please follow the moral ethics. If it is commercial then go commercial and if house then opt for house property.

Do the right and have a sound sleep.

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