Taxation of consolidated lease rent (that is refundable) of properties
This query is : Resolved
Sasidhar Aruljothi
(Querist)
28 December 2021
When we give a property on lease for a particular period
Eg: Say i give a property for lease for 4 years for a INR. 10 Lacs/-. This 10 Lacs is refundable on the expiry of the lease. I invest this in bank for 4 years)
How and under what head will the lease rent and the interest be taxable?
Eg: Say i give a property for lease for 4 years for a INR. 10 Lacs/-. This 10 Lacs is refundable on the expiry of the lease. I invest this in bank for 4 years)
How and under what head will the lease rent and the interest be taxable?
CA R SEETHARAMAN
(Expert)
29 December 2021
Keep it in advance the 10 lacs received.
Treat interest earned as rental income.
Treat interest earned as rental income.
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