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Income tax

This query is : Resolved 
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(Querist)
06 September 2013 Hello

I want to know that while computation on income tax for an individual- if the property is given on rent. What will tax liability for the individual

. If the individual was doing his business. So the income from that property should be added only in “ income from House Property “ or it also to be included in “Income from other Sources” as it comes other income in profit and loss A/c-( F.Y. 2011-12)


Kindly guide me for the actual computation of Income


Thanks
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
08 September 2013 Rental income need to be shown under Income from house property u/s.22 and deductions u/s.24 can be claimed
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
08 September 2013 Property u/s. 22 is the any buildings or lands appurtenant there to.
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