shop rental income

This query is : Resolved 

01 March 2011 sir,

I want to know that if assessee is earning rental income from shop then under what head it will be taxable.

01 March 2011 it will be taxable under INCOME FROM HOUSE PROPERTY

01 March 2011 If you own the shop, it will be INCOME FROM HOUSE PROPERTY, otherwise it will be INCOME FROM OTHER SOURCE.


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