Hi All,
Pls tell me whether a building is essential for assessing the income from house property.? I mean if we receive rental income from a godown, then under which head will that be taxable.?
Hi All,
Pls tell me whether a building is essential for assessing the income from house property.? I mean if we receive rental income from a godown, then under which head will that be taxable.?
Hi Puja,
As per the publication by Income Tax Dept. on "Income from House Property" - Income from letting out of Godown is taxable under the head "INCOME FROM HOUSE PROPERTY".
For reference you can see following link --
https://www.incometaxindia.gov.in/publications/5_House_Property/5_House_Property.asp
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