Income from house property
This query is : Resolved
17 December 2009
Under which head the income is taxed, when a person let out his property to government authority? by any chance can it be business income.. If yes please give me case laws in support of the view.
17 December 2009
It will be taxed under the heads Income From House Property. It wont make a difference even if the tenant is a government authority.
Murtaza I Bhagat
(Expert)
17 December 2009
Yes its your income from House Property.
CA Ravi Sisodia
(Expert)
17 December 2009
agree, its includes is house property head.
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