Any Terrice given for rent then the income generated from it will be covered under house property or PGBP??
please reply soon..Its urgent
MAYANK GUGLANI (CA ) (124 Points)
25 June 2009Any Terrice given for rent then the income generated from it will be covered under house property or PGBP??
please reply soon..Its urgent
CA Lovenish Bansal
(JOB)
(343 Points)
Replied 25 June 2009
As per the definition of act u/s 22
The annual value of property consisting of any buildings or lands appurtenant thereto of which the assessee is the owner
It is matter of fact that building consist of terrice as well. So in my opinion it should be charged to income from house property.
Thanks,
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
