Head Of Income
This query is : Resolved
26 March 2010
Under which head of Income will the rent received from commercial complex( Shopping complex) will appear...?
26 March 2010
It should be under House Property.
26 March 2010
The annual value of property consisting of any buildings or lands appurtenant thereto of which the assessee is the owner, other than such portions of such property as he may occupy for the purposes of any business or profession carried on by him the profits of which are chargeable to income-tax, shall be chargeable to income-tax under the head Income from house property.
So even the rent recieved from comercial complex is also cover under the charging section 22, unless the comercial complex is used by assessee him self for his ownbusiness,
So even the rent recieved from comercial complex is also cover under the charging section 22, unless the comercial complex is used by assessee him self for his ownbusiness,
26 March 2010
agree with expert
26 March 2010
The rent income shall be regarded as income from house property
26 March 2010
Income from House property
26 March 2010
Under the head 'income from house property'
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