Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2013
If any person is receiving Rs. 30,000/- as rent as his building is under reconstruction and he is paying Rs. 20,000/- as rent. Is balance Rs. 10,000/- taxable as Income From Other Sources
29 April 2013
Yes it will be taxed under the head income from other source as it is clear income from subletting of property.
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