Renting of other than residential house property

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2016 whether other than residential house property

let out on rent
self occupied for business & profession

My question is that in both condition income taxable under which head of income plezse reply this question.

Amol S Joglekar

Amol S Joglekar (Expert)
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15 September 2016 it is income from house property

Message likes : 1 times

Expert : Anonymous

Expert : Anonymous (Expert)

15 September 2016 in case it was let out - Taxable under the head "Income from house property" . In case it was used for self business purpose under proprietary concern - You may claim expenditure against business income towards its rental value & will be taxable under the head "House property". you may claim deductions available under 24.

Expert : Anonymous

Expert : Anonymous (Expert)

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