Income from commercial property
This query is : Resolved
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!
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!
10 January 2012
1. 194I is still in statute.
2. To be offered and will be assessed under the head'Income from house property'.
2. To be offered and will be assessed under the head'Income from house property'.
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