Guest house income - house property or business income
This query is : Resolved
Manmeet Arora
(Querist)
15 March 2014
Income from rent out of guest house on daily basis (rent out for a day or two) shall be considered as house property income or business income.
No other service provided. Only property is rented out.
No other service provided. Only property is rented out.
Akash Barman
(Expert)
15 March 2014
It should form part of Income from H.P, and GAV for the same will be calculated in accordance with Partly Let out partly vacant
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