Income from House Property
This query is : Resolved
silvi ubal gomes
(Querist)
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.
CA. Krishna K Neeraj
(Expert)
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
Manmohan ACA, CS
(Expert)
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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