Rent
This query is : Resolved
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.
Amol S Joglekar
(Expert)
02 November 2016
it is taxable as income from house property
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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