Income from house property
This query is : Resolved
brij bhushan gupta
(Querist)
25 April 2014
sir i am doing private practice in my own comercial building . i give one shop to cmemist and one to lab on rent in my premises . this rental income comes under house property or under business income. can i avail 30% exemption under section 22 house property
Sandeep Dharar
(Expert)
25 April 2014
I suggest u to book it under House Property, coz u r doing practice, hence the income earned from ur practice will b treated as ur Business income and Rental income will go to House property.
U can claim 30% as standard deduction u/s 24(a).
U can claim 30% as standard deduction u/s 24(a).
brij bhushan gupta
(Querist)
27 April 2014
sir, can i claim depriciation on my own building in which i am doing practice and how
Sandeep Dharar
(Expert)
28 April 2014
Yes u can claim Depreciation as per the rates mentioned by IT Act
brij bhushan gupta
(Querist)
16 June 2014
thanks for proper guidance
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