House property or PGBP

The discussion explores whether income generated from letting out houses should be treated as 'House Property' income or income from 'Profits and Gains of Business or Profession' (PGBP). The consensus is that the classification depends on the primary objective of the company or firm. If the main business is letting out properties, it typically falls under PGBP, though some interpretations and case law suggest it could be considered House Property income.