PGBP or House Property

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Vinay sawant (Querist)
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17 October 2017 If I own a business of running cinema theatre.so the income which I earned from selling the tickets was considered as my PGBP. few months later I gave on rent the cinema house premises including my core operations to earn the rental income.tell me whether such rental income shall be treated as PGBP or House property.

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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17 October 2017 As income from house property since i assume that you have let out the property for earning rental income and you do not provide any other services to the tenant.

Vinay sawant

Vinay sawant (Querist)
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20 October 2017 can it be considered as a composite rent as the rental includes renting from property as well as renting from amenities.