banner_ad

head of income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 March 2008 i am receiving rent from reliance compan y for giving Terrace for fixing antina for network. my doubt is in which head rent include for income tax canculation .
Profile Image

CA Saurabh Maheshwari

Profile Image

CA Saurabh Maheshwari (Expert)
01 March 2008 INCOME UNDER THE HEAD HOUSE PROPERTY
Profile Image

jegannath G

Profile Image

jegannath G (Expert)
01 March 2008 Yes it is covered under house property
Profile Image

R.V.RAO

Profile Image

R.V.RAO (Expert)
01 March 2008 RENT RECEIVED ON LETTING OF PROPERTY IS TAXED UNDER SEC 22( CHARGEABILITY) AS INCOME FROM HOUSE PROPERTY.
R.V.RAO
Profile Image

MANAS ROUT

Profile Image

MANAS ROUT (Expert)
01 March 2008 if terrace forming part of the building ,then the rent should be taxed under income from house property if it is not then it should be taxed under income from other sources.
case law:
Mukherjee Estate(p) Ltd V CIT [2000]244 ITR1 (Cal)
If the hoarding donot form part of the building, then income from putting up such hoarding for advertisement purpose cannot be considered as income form house property.
Profile Image

Mandeep Singh

Profile Image

Mandeep Singh (Expert)
13 April 2008 it should be covered under head other sources.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 April 2026
CA Articled Assistant

GM Corporate Solutions

Noida

CA Final

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details