Income tax

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Neeraj Sharma (Querist)
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04 January 2014 If house property is used by an Assessee for business or profession carried on by him , the profits of which are not chargeable to tax. what would be the tax treatment of income from such house property? Under which head this income would be taxable ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 January 2014 then it will not be shown under house property head.

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Neeraj Sharma

Neeraj Sharma (Querist)
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04 January 2014 Under which head it would be taxable.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 January 2014 you said it is used for business profession so which income u earning other then business income? is it rent?

CA Pallav Singhania

CA Pallav Singhania (Expert)
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04 January 2014 If property is being used for any business or profession..
It any profit earned will be fall under profit and gain from Business and Profession...

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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03 October 2021 If the house property is used for business run by self; in that where is the question of any income from house property? It is self occupied....

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