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TREATMENT OF COMMERCIAL RENTAL INCOME -& AND RESIDENTIAL PROERPTY RENTAL INCOME UNDER IT ACT

This query is : Resolved 
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(Querist)
08 February 2022 KIND ATTN. SIR

AN ASSESSEE IS HAVING INCOME FROM BUSINESS AND AS WELL AS RENTAL INCOME FROM RESIDENTIAL PROPERTY AND RENTAL INCOME FROM COMMERCIAL PROPERTY , WHICH HAS BEEN COVERED UNDER GST .KINDLY CLARIFY THE TREATMENT OF INCOME FROM COMMERCIAL PROPERTY UNDER INCOME TAX ACT,SINCE IT HAS BEEN SHOWN AS TAXABLE SUPPLY OF SERVICE UNDER GST.
THANK YOU SIR
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 February 2022 Show it as business income and claim depreciation on commercial property.
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