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Lease Rent

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(Querist)
12 September 2009 what is the Tax treatment of Lease rent Received By an Individual? And Under Which Head it is charged And whether Any Specific deductions are there?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
12 September 2009 Lease rent is income from house property and deduction u/s 24 @ 30% of rent
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saurabh

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saurabh (Expert)
12 September 2009 agree with the expert
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Ankit Tantia

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Ankit Tantia (Querist)
19 September 2009 I am not satisfied with the reply. can anyone else suggest me as i think lease rent is charged under PGBPand if not PGBP then other sources.
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CA. Bikash Bogi

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CA. Bikash Bogi (Expert)
22 September 2009 you cannot treat the lease rentals in the PGPB head.
if you provide along with property value added services & the lease of property & service are inseparable, then you can show it in PGPB head as per Supreme court in Sultan Brothers
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