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Income from house property

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(Querist)
17 December 2013 Is income from House property which is let out on lease is taxable?
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
17 December 2013 Yes, taxable.

OM SAI SRI SAI JAI JAI SAI
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Vasanta

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Vasanta (Querist)
17 December 2013 IS the total amount is taxable?..what about when assesse is paying back?
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
18 December 2013 Yes, total amount is taxable. you mean assessee paying back means the assessee has to refund the amount of rent collected, in this case such refundable amount shall be treat as deposit and doesn't treat it as rent and doesn't offer to tax.

OM SAI SRI SAI JAI JAI SAI
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