Treatment of rent received by lessee
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2016
sir,
An assessee has taken a building as lease from Municipal body. Assessee now giving that building for functions marruages and earning rent. now these receipts to assessee is taxable under which head ?( PGBP or House property or Other sources).
An assessee has taken a building as lease from Municipal body. Assessee now giving that building for functions marruages and earning rent. now these receipts to assessee is taxable under which head ?( PGBP or House property or Other sources).
19 December 2016
It is taxable under the head PGBP.
20 December 2016
Above income to be considered as business income.
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