Income from commercial property

This query is : Resolved

CA Lovina Dias (Querist)
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09 January 2012 I have a commercial house property, which i m giving on rent to a hospital wef 01.02.12. rent would be around 900k pa.

Probable Implications:

1.Would there be any TDS (am asking this question, coz i did not find 194I in the current act.) ?
2.Rent from commercial house property, would it be treated as income frm house property or from business. What is allowed by tx officers?

Many thanks a lot in advance!

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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10 January 2012 1. 194I is still in statute.
2. To be offered and will be assessed under the head'Income from house property'.

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