income head

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3 Points Posted on 22 October 2018
Dear Sir,

Rent Income received by partnership firm taxable under which Head ???

and what is the limit of interest paid on house property if let out ???
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On 22 October 2018 at 15:42 Report
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Chartered Accountant
1272 Points Posted on 22 October 2018
Rental Income from let out is classified as Income from House Property.

For let out property no limit for claiming interest.
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On 22 October 2018 at 15:56
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3 Points Posted on 22 October 2018
it's for fy 2016-2017
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On 22 October 2018 at 15:58
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Chartered Accountant
1272 Points Posted on 22 October 2018
Yes. Same Answer.
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On 22 October 2018 at 16:01
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Student
3549 Points Posted on 22 October 2018
Yes agreed with Rakesh ji
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On 22 October 2018 at 16:20
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a
1620 Points Posted on 22 October 2018
if main business then not in house property then under business income
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On 22 October 2018 at 22:23

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