Rent from property

This query is : Resolved

Mihir (Querist)
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21 June 2010 My client, living in a bungalow, has rented a part of the bungalow to difference production houses for film shooting in the previous year F.Y. 2009-10. Service tax @ 10.30% is added to the rental income and TDS u/s 194I (rent) @ 10.00% is deducted from the receipts. The film shooting takes place for not more than 3-4 days per production house.

Is this rental income classified as income from house property or income from business & profession?

Thanks

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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21 June 2010 If this type of transection are in general business activity of assessee then yes it will be B&P income else rental or income from other source.