Tax on rent from mobile tower in self owned house property

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Anirban (Querist)
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26 February 2013 Sir,
I would be glad if anyone can let me know the procedure of computation of tax on rent from mobile tower in a House property self owned (not a CHS) and also if I have to pay any tax on the Deposit amount I will be receiving If yes under what heads will each of these Incomes be taxable and at what rate. And is it that the rent I will be receiving will be after TDS or I will have to file a return for the same.
Thank You.

Santosh Mishra

Santosh Mishra (Expert)
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28 February 2013 It would be taxble under the head Income from other sources.

You need to submit your tax returns if your annual taxable income exceeds the limit i.e. 200,000 per annuam.