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hp income plz help me ..

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(Querist)
06 February 2011 sir i hav a doubt in "income from house property "

if the assessee engaged in lending houses 4 rent i.e this is his busines ...

so wil it be taxed under "income from house property" ? if yes then why ??




thanks ...
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
06 February 2011 Yes , If the assessee is letting
out his own houses then the rental income income will be treated as income from house property.

Section 22 is a specific section for treating such income as IFHP as it prescribs that annual value (Rent) of property consisting of any building or land appurtenant thereto , other than the property from where own business is run, will be taxed under this head.

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krina

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krina (Querist)
06 February 2011 thanks alot sir ...
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