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Treatment of Rental Income of commerical property by a company

This query is : Open 
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(Querist)
02 September 2023 1) The assessee is a Private Limited company;
2) It derives Rental Income only from the Proerty which is shown in the Fixed assets;
3) Object cluase doesnot have Renting as the Main Object;
4) Depreciation not claimed
Query: Whether in the given scenario it will be assessed under Business Income or Income from House Property.
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RAJA P M

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RAJA P M (Expert)
03 September 2023 You can consider both of the ways. But As per Your query it will treat Income From House Property
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