Income from House Property
This query is : Resolved
21 April 2009
Supose i rent a house to X. X sublets it to Y what will be the treatment of income in the hands of X.
21 April 2009
Depending upon nature of such income, income from subletting of house can be taxed in the hands of X either as business income or income from other sources
21 April 2009
Profit and gains of business and profession (if X is engaged in the business of renting house )
income from other sources (if this is occasional phenomenon)
income from other sources (if this is occasional phenomenon)
21 April 2009
i agree with manu
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