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Rent from Commercial Property

This query is : Resolved 

10 February 2021 A Pvt Ltd Company has rented own premises and getting rental income

My question is whether the rental income can be shown under Income from House Property and 30% can be claimed towards repairs ?

10 February 2021 The annual value of property , other than property occupied by assessee for the purposes of any business or profession carried on by him the profits of which are chargeable to income-tax, shall be chargeable as Income from House Property.
And, if it is charged under "Income from House Property" deduction of on account of repairs (@30%) and payment of interest on loan can be claimed.


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