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Income from property

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(Querist)
02 February 2018 If I get share from my fathers property in cash.
Under which head I am going to be taxed whether 1) income from house property or income from other sources?
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RAJA P M

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RAJA P M (Expert)
02 February 2018 How you get share from your father? Are you a partner in the Property...? or Your father only the owner of property...?
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Riyaz Ahmed Balbatti

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Riyaz Ahmed Balbatti (Querist)
02 February 2018 I am not a partner. The property is in fathers name.
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Riyaz Ahmed Balbatti

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Riyaz Ahmed Balbatti (Querist)
02 February 2018 I am not a partner. The property is in fathers name.
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RAJA P M

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RAJA P M (Expert)
02 February 2018 You can treat it as Gift. And will show Exempted Income...

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