Income from house property
Zill Gogri (16 Points)
04 November 2019
rent from letting out building and ground rent falls under which head?
2 Replies
Kapadia Pravin
(17264 Points)
Replied 05 November 2019
Income from house property shall be taxable under the head income from house property if following conditions are satisfied: a) The house property should consist of any building or land appurtenant thereto; b) The taxpayer should be the owner of the property; c) The house property should not be used for the purpose of business or profession carried on by the taxpayer
So rent from letting out building and ground rent falls under Income from house property.
So rent from letting out building and ground rent falls under Income from house property.
Surjeet Negi
(947 Points)
Replied 05 November 2019
Please include the same under Income from house property as per the provision of section 24
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