Income from house property

Tax queries 293 views 1 replies

X let out his property to Y. Y sublets it. How is sub-letting receipt to be assessed in the hands of Y.

PLEASE PROVIDE REASON IN SUPPORT OF UR ANSWER

 

Replies (1)

Rental income in the hands of owner is charged to tax under the head “Income from house property”. Rental income of a person other than the owner cannot be charged to tax under the head “Income from house property”. Hence, rental income received by a tenant from sub-letting cannot be charged to tax under the head “Income from house property”. Such income is taxable under the head “Income from other sources”


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