a guest house owner has received rent from a guest .
he will be liable to tax under which head???
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hp Or pgbp
Replies (2)
It will be taxable as PGBP as he is carrying a business or profession of running a guest house in that building...
Hi Sumit
Good Question Dear
Best of Luck For ur professional studies.
Look "a guest house owner" it means that owner has already a house in which he resides , it means he has two house . As per income tax , if u have two house then u have option to declare one house as self occupied and another is deemed to be rented
In above case he just simply OR actually given SPARE house on rent so this will be taxable under house property.
If any doubt mail me sorabh.gupta @ ambujacement.com
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