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Rent or interest income or what?

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 November 2013 Dear Sirs,
I have booked an under construction commercial property with assured returns of 12.5 % per annum in 2012-13 FY. How should I treat this assured return(minus TDS) ? Rent from commercial property or Fixed Deposit interest or interest from company deposit or What? PLEASE GUIDE ME.
Thanks in advance
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
03 November 2013 As you are not letting out any property on rent..
You should treat such income under Income from other Source....
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