A person has constructed some rooms on the first floor of his self occupied house and is running P.G. accomodation.
He is also incurring some expenditure like food etc.
Is the income chargeable under the head Income from House Property or Business Income????
And what if he had not incurred any expenditure and had derived only rent from it
This income should be taken under HP, wether expenditure has been incurred or not.
Any other expenditure will deducted with the income of the other source that is fooding.
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