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taxation of rent of commercial complex

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(Querist)
15 August 2008 Sir,

my friend is the owner of commercial complex earning rent, i want to know whether it would be taxed under business income or house property. if house property then whether the expenses incurred by him can be adjusted
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
16 August 2008 House Property income. Please see sections 23 & 24 of incometax act 1961
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