banner_ad

HOUSE PROPERTY

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 November 2010 IF A COMPOSITE RENT IS RECEIVED FROM A TENANT, HOW IT IS TAXED?
IS IT DIRECTLY INCLUDED IN THE INCOME FROM HOUSE PROPERTY AND TAXED AS A WHOLE???
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
15 November 2010 No. To be assessed under "Income from other sources" as per section 56(2)(iii) of the IT Act,1961.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 November 2010 Thanks a lot sir
Profile Image

CA.Madhusudan B.P.

Profile Image

CA.Madhusudan B.P. (Expert)
15 November 2010 When an assessee lets on hire machinery, plant or furniture & also building and letting of building is inseparable from letting of machinery, plant or furniture, the income from letting of building is taxable under the head "Income from Other sourses", IF THE SAME IS NOT CHARGABLE TO TAX UNDER THE HEAD "BUSINESS OR PROFESSION"
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 November 2010 Thanks for the explanation sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


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
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details