X let out his property to Y. Y sublets it. How is sub-letting receipt to be assessed in the hands of Y.
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Income from house property
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Rental income in the hands of owner is charged to tax under the head “Income from house property”. Rental income of a person other than the owner cannot be charged to tax under the head “Income from house property”. Hence, rental income received by a tenant from sub-letting cannot be charged to tax under the head “Income from house property”. Such income is taxable under the head “Income from other sources”
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