Rental Receipt from Mobile Tower (situated on Building ) is House property incom know because building is used.
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Rental from tower
Replies (3)
Rental from mobile & Cable Towers is taxable under the head Income from House Property; considering the same it is eligible for standard deduction u/s 24 (a) @ 30 % of the rent.
agree with kamal
I think if a mobile tower is placed on a building, the rent is paid to the society and not to some flat owner. It will be an income in the hands of the society.
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