Classification of head of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 February 2013
A Commercial property is owned by a private company. The company earns income from letting out the said property. Whether the rental income earned be classified as income from house poperty or under the head business & profession?
CA PARAS BAFNA
(Expert)
26 February 2013
In case property only has been let out without any other specific facility or services, please consider the income under the head of "Income from House Property".
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