House property
This query is : Resolved
Jitu Kumar
(Querist)
16 March 2017
Shop rent cover in house property.
If yes how to calculate
If yes how to calculate
CA Gopal Somani
(Expert)
16 March 2017
Rental income from a property, being building or land appurtenant thereto, of which the taxpayer is the owner is charged to tax under the head “Income from house property”. To tax the rental income under the head “Income from house property”, the rented property should be building or land appurtenant thereto. Shop being a building, rental income will be charged to tax under the head “Income from house property”.
For calculation, check below link
https://www.caclubindia.com/articles/house-property-income-computation-935.asp
For calculation, check below link
https://www.caclubindia.com/articles/house-property-income-computation-935.asp
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