Income from hp
This query is : Resolved
07 July 2013
Helloo Everyone,
Supposingly A person receives HP income from the tenant & along with that he receives car parking rent ..
So my Question now is that will Car parking rent included in HP Income or in other Sourses
Thanks alot in advance;-)
Supposingly A person receives HP income from the tenant & along with that he receives car parking rent ..
So my Question now is that will Car parking rent included in HP Income or in other Sourses
Thanks alot in advance;-)
08 July 2013
Dear Krina,
If the property is owned and it is immovable property then that income should be treated as income from house property.
Hence, the rent from the car parking will be taxable as income from HP.
- Ankit
If the property is owned and it is immovable property then that income should be treated as income from house property.
Hence, the rent from the car parking will be taxable as income from HP.
- Ankit
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