rent ofadvertisement board on a house property is chbl in which head?hp or other sources
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Dear Sumit
As per IT act "House Property means any building or alnd appurtanent thereto which are used for residence" and rent of such building taxed under House property head.
Rent of advertisement board on a house property is taxable under Other Sources head .
Becoz there is not any income from house property.
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