An assessee is dealing in properties. In which head of income he should report the rental income?
Menu
Income from house property
Replies (6)
If rental the properties is the main business then PGBP otherwise Income From House Property
Rental income in HP
Rental income of a person who deals in property as stick in trade then also income of rent from that property comes under head income from H.P
Stock in trade *
👍👍👍👍👍
As per rayala case 2016, any sum received as rental income from properties can be treated in PGBP. And you can also charge Depreciation on such property as per sec 57(ii).
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
