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
Only one house will be self occupied and other will be deemed let out. Expenditure on contraction of room will be added in your cost.
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