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INCOME FROM HOUSE PROPERTY

This query is : Resolved 

20 January 2009 Hello,

Can anyone help me to know whether recovery of repairs expenditure from tenant would liable to tax ? If yes then under which head i.e. Income from house property or Income from other sources ? In either case whether any deduction can be claimed ? Can it be considered as capital receipt not liable to tax (Amount is Rs. 15,000/-) ?

Thank you

20 January 2009 whether you are incurred this exp or not if this is part of rent or not
net receipt is causal income & this is income from other sources

20 January 2009 Thank you CA Hemant.
Repairs expenditure is incurred by the landlord and then claimed from tenant on actual basis. The intention is not to earn income out of that but to provide comfort to tenant. The money is first spent by the landlord and then recovered. Hence I believe there is no income out of it.

07 November 2021 Being reimbursement from tenant, not taxable.


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