Rent income


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Querist : Anonymous

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Querist : Anonymous (Querist)
28 July 2012 Income from rent received from taxi will be taxable under ??

28 July 2012 It is taxable under INCOME FROM BUSINESS AND PROFESSION.

It can be treated under presumptive tax scheme u/s 44AD.

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 July 2012 but i thought it will be income from other sources. because rent received from any asset will be treated as income from other sources

28 July 2012 It will be taxable under B/P if related to business otherwise Other Sources


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