House property or PGBP

if someone is engaged in business of letting out of houses then what is the nature of income ?
is it house property or PGBP as houses are held as stock in trade.
plz answer.
Replies (3)
Quick Summary
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.

IT DEPENDS FACTS OF THE CASE AS PER THE OBJECTIVE OF COMPANY OR FIRM .IF MAIN OBJECT IS OT LETOUT THEN PGBP
Main object is letout ... but in my book (mk gupta ) it is given house property .
There are two case laws CHENNAI PROPERTIES & INVESTMENT LTD- PGBP
2nd is RAJ DADARKAR & ASSOCIATES- house property income

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details