PGBP or House Property
This query is : Resolved
Vinay sawant
(Querist)
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
(Expert)
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
(Querist)
20 October 2017
can it be considered as a composite rent as the rental includes renting from property as well as renting from amenities.
Vinay sawant
(Querist)
23 October 2017
can you give me any relevant case law for the same ?
01 October 2021
It can be treated as income under PGBP, as just hall is not given on rent.
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