House property income
This query is : Resolved
CA Rakesh Somashekara
(Querist)
29 May 2018
Hi, One of my client is having a house property, which he has given on lease basis as below.
Rs. 10 lakhs will be recieved from tenant in the beginning and tenant will use the property for 5 years, then the same 10 lakh will be repayable to tenant. no other rentals involved.
Suggest how to consider this transaction in Income tax.
regards
Rakesh
Rs. 10 lakhs will be recieved from tenant in the beginning and tenant will use the property for 5 years, then the same 10 lakh will be repayable to tenant. no other rentals involved.
Suggest how to consider this transaction in Income tax.
regards
Rakesh
Nikhil Kaushik
(Expert)
29 May 2018
so what does the owner receives? interest on deposit?
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