Renting of other than residential house property


This query is : Open 

Avatar

Querist : Anonymous

Profile Image
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.

15 September 2016 it is income from house property

Avatar

Expert : Anonymous

Profile Image
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.

Avatar

Expert : Anonymous

Profile Image
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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details