Rent


This query is : Resolved 

(Querist)
17 September 2014 HI

Rental income received from shopping complex let out is income from HP or business income?
please replay me

Thanks in advance

17 September 2014 If it is not your regular business then come under under income from house property.

shinitha (Querist)
18 September 2014
Regular busines means? i have one shopping complex and it is let out to certain tenants.

No other business i have.
Should i treat business income?

20 September 2014 Regular business means if you are engaged in the business of building shopping complexes and renting them out then it will come under business income. If it's not then it will come under income from house property.


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