Return filling

This query is : Resolved

TITIBH SINGHAL (Querist)
Follow

21 July 2018 IF I SUBLEASE ANY HOUSE PROPERTY FOR RS 20000. AND I HAVE PAID RENT TO ORIGINAL OWNER LET SAY RS 5000, THEN HOW CAN I CLAIM THE EXP OF RS 5000? PLEASE SUGGEST ME

CA Suresh Jain

CA Suresh Jain (Expert)
Follow

21 July 2018 Income from sublease is not an income from house property. The income is chargeable under the head "Income from Other Sources" unless you have a business of taking property on lease and subleasing them. The expenses incurred to earn sublease rent can be claimed by you.

Disclaimer : The answer to the query is given on the basis of the query as understood by the author. Author shall not be responsible for any loss or damage caused for the action taken based on the answer. The querist is advised to take legal opinion before taking any action.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

prasanth kona

THOMAS JOHN

nilesh

Chandan Kumar

Kamaljeet Kaur

Subscribe Now

Return filling

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Article Assistant

GST CONSULTANCY

CA Final

Accountant