Treated as a which income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 January 2015
Section 22 Income from House Property

Land owned by Director who is also shareholder(99%) of a Private Limited company

Building owned by that pvt. ltd. co. on that land & in that building co. is carrying on business.

Land rent is being received by the director from that co.

Now the question is whether the land rent received by the director can be considered as income from house property under section 22??

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 January 2015 yes if there is seperate agreement bet the co and director and if there is landlord tennant relationhsip then yes its taxable as income from other sources.

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