09 February 2019
I am into business of renting commercial property, I am charging GST on the rents, and filing my GST returns, also my tenants has deducted TDS u/s 194IB on rent paid. So now my question is for income tax purpose, Whether I have to show my inocme under House property head or Business head.
09 February 2019
choice is yours. You can opt for whichever is beneficial to you. (If you are CA in practice and you have not taken prior permission of ICAI to do the business of renting commercial property, it is advisable to show it under income from house property)
CAclubindia
