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Doubt regarding income from house property

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Aashish Dangi

12 Points Posted on 05 February 2023

ok, i was self studying the topic mentioned above, i have a simple doubt. what if i use my house property as office, would it be taxed at all, or its implicit expense will deduct my profit while paying tax on profit of the business, given the profit of business is taxable?

plz help

Replies (2)

Quick Summary

This discussion explores the tax implications of using a personal house property as an office for a business. The core question is whether this usage generates taxable income or if associated expenses can be deducted from business profits. The consensus is that while it might attract tax, eligible expenses related to the property's use as an office can likely be offset against business profits.

Bala Magesh

14 Points Posted on 05 February 2023

Yes it attracts taxable bcz... you are using your property as an office which means no income from that .. you can claim all your eligible expenses set off against profit....