Commerical properties query

Tax queries 263 views 1 replies

If a residential flat let out for the following purposes,will it come under the category of commerical properties:-   

(a) residential purpose  

(b) business purpose     

 Kindly please reply. 

Thank you.
 

Replies (1)

If a residential flat is let out for residential/commercial purpose, the rental income shall be chargeable to tax under the head income from house property.


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