Rent of multiple houses

This query is : Resolved

Umar Sheak (Querist)
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28 July 2015 Assassee company has been earning rental income from various houses...and purchasing houses and leting them. . in which head it is taxable. ...and why??

CA Dhrunal Mehta

CA Dhrunal Mehta (Expert)
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28 July 2015 If its assessee's business is to buy house and give it to on rental then the income will be under head business or profession and if company is hab=ving one or two house and giving it on rent than income will be under house property head.

CA Dhrunal Mehta

CA Dhrunal Mehta (Expert)
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28 July 2015 If its assessee's business is to buy house and give it to on rental then the income will be under head business or profession and if company is having one or two house and giving it on rent than income will be under house property head.

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