banner_ad

Income From House Property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 October 2010 Dear Expert


Mr X having a factory Building in personal name and giving a renting to Company in which he is director and taking a rent from company kindly gide me a treatment of rent income in hand of X

this is a Income From House Property or Business Income
Profile Image

CA Navin Jain

Profile Image

CA Navin Jain (Expert)
21 October 2010 Income from house property but if u wants to claim expenses more than 30% then u considered as business income
Profile Image

taxindiaconnect

Profile Image

taxindiaconnect (Expert)
21 October 2010 It is only an income from house property, you can not treat a rental income as business income unless the buiness model permits you to be in business of rental of property for example an owner of a mall can say that he is in the business of renting.
Profile Image

CA Shiv

Profile Image

CA Shiv (Expert)
21 October 2010 ITs IHP only....
Profile Image

CA. Chikkerur C R

Profile Image

CA. Chikkerur C R (Expert)
04 November 2010 INcome should be treated as Income of House Property unless property is held as "stock in trade"
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details