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?
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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