SHOP RENT UNDER HOUSE PROPERTY OR OTHER SOURCE

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Rental income from a shop is generally taxed under the head 'Income from House Property'. This is because a shop is considered a building, and its rental income falls under the provisions for taxing income derived from such properties.

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(Querist)
10 December 2021 Shop rent under which head

House property or other source
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 December 2021 Out of the two options, Income from HP.....
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CA.Pujah

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CA.Pujah (Expert)
20 December 2021 Shop being a building, rental income will be charged to tax under the head “Income from house property
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