Furniture rent income as business income

karthik hs (1 Points)

29 July 2021  

Dear sir/madam,

I'm a commercial building owner. A new tenant is asking me to get it furnished. Can any of my family member(spouse/children) invest and  provide furniture on rental basis or as vendor (furniture business) and collect rent for that as business income? 

Building rent for me and furniture rent for other family member who has less income?