banner_ad

Income from rent

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 September 2011 my company is private limited company and the company take land on lease rent on 10000/- per month, now make a new office on the land and give on rent of Rs. 5000/- to other, what is my tax liabilities and in which head it will be taxable.
Profile Image

Yogesh Agarwal

Profile Image

Yogesh Agarwal (Expert)
17 September 2011 Generaly sub leasing is chargeable under the head of 'Income from Other Sources' because the ownership is must, however if the assesee' busines is to take the property on leasing and subsequently sub leasing the same then it is chargeable under BP. If the assesee is taking the building under the agreement for more than 12 years then he wil b the 'deemed owner' under section 27 (iiib) and acordingly sub leasing wil b charged under the HP.
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
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details