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Rent

This query is : Resolved 
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(Querist)
02 November 2016 If shop owners of plaza/mall have formed their shop owners welfare association and looks after the maintenance of plaza/mall. Whether rent received from let out of common area to non-member is taxable as income of house property or other sources in hands of welfare association.
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Amol S Joglekar

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Amol S Joglekar (Expert)
02 November 2016 it is taxable as income from house property
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Gaurav

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Gaurav (Querist)
02 November 2016 But the property is actually not of welfare association.
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 November 2016 but they have the right to do so. Any right associated with any property is taxable under income from house property
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