Income from hp or other source ?

Originally posted by : Krish
	If there is land appurtenant to a house property (Suppose rooftop of the house is used by the Govt. for establishing tower and behalf of this the Govt. pays 10000 per month to assesse). Should the income arising from it be taxable under Income from HP ?

Income from letting out terrace for putting up hoarding and telecom towers will be assessable as income from house property.

Decision of the tribunal in case of

Satyam Shivam Sundaram Cooperative Society Ltd. in ITA No.516 to 514 M/2004

Pinto Park View Cooperative Housing Society Ltd. in ITA Nos.5859-5894/M/2003

Thanks Deepak

Yes it is considered as Income from House property

Yes, agree with friends above.........Its Taxable as Income from House Property.

Yes it is taxable under house property. Income from vacant land is taxed under other sources

I agree with MR.Deepak...

thanks for all suggetions 

all are good