Chargeability of rent income from commercial property

This query is : Resolved

Mitesh (Querist)
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04 July 2017 Hello Everyone..

I have one query regarding taxability of Rent Income that has been generated from Commercial Property under the Income Tax Act, 1961

I have one property that has been rented to a Bank (Commercial Property) , the Bank give the monthly Rent after deducting the TDS.

The main question is that whether i have to offered this rent income as Income from House Property or as Profit & Gains from Business & Profession??

Please provide us is there any judgement on the same issue..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 July 2017 See the link it has to be treated as business income.
http://abcaus.in/income-tax/rent-from-commercial-property-taxable-as-business-income-not-residential-house.html