Tenancy Right Rent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 July 2010 Rent received from builder for making a builing on the room or chawl... this rent income will come in which income head Income From House Property or Income from other sources ?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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07 July 2010 Income from other sources.

CA.Mini

CA.Mini (Expert)
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07 July 2010 as per the calcutta High Court decision income from letting out land for construction of building is chargeable to tax under the head "Income from other sources".

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