Lease rental of building

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Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2014 The Buildings are owned by an individual who lets out it to an educational university for lease rent monthly and service tax is collected and paid to govt. the lessee also deducts applicable tds.Is this lease income to be shown under the head "Income from house property"and standard deduction under u/s 24 can be claimed or " Income from other sources " ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 November 2014 The income has to be shown under income from house property and standard deduction u/s 24 can be claimed.

Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2014 Thanks for the reply sir.

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