Income of house Property

Dear friends,

Section 22 states any income to be taxable under house property should satisfy the following three condition

1. The property should consits of any buildings or lands appurtenant thereto

2. The assessee should be owner of the property

3. The property should not be used by the owner for the purpose of any business or profession carried on by him, the profits of which are chargeable to income tax.

In your case non of the conditions are satisfied so the income will not be taxable under section 22

Agree

 Hey Pawan are u talking abt a case where the mobile satellite tower is situated over a persons house?? 

Dinesh how can u say...all the 3 cnditions r not satisfied in dis case........

i think above 2 cnditns r satisfied bt d last one is not satisfied..

hence .,earng frm satellite towers is not taxable under income frm house prop

 Yup what Radhika said is right..I guess the ques is not fully clear for me..So can u please clarify as to my last post about the same topic..If that is the case will it be taxable as house property income

Dear Pawan As above persons said it is correct it will not come under Income From House Property....

It will come under Income from other sources..because it is composite rent

can you tell me wats satlite tower? And is that property your residence??

 It wil b charged under income from other sources

Yes....it's only other sources income and not house property......agree with dinesh

HEY FRIENDS, I FEEL THAT SAID INCOME IS TAXABLE UNDER HEAD HOUSE PROPERTY ONLY..

1) ROCK, CAN U PLZ EXPLAIN HOW IT HAS BECOME A COMPOSITE RENT??

2) DINESH, FROM WHERE HAVE U GOT THE CONDITION THAT PROPERTY SHOULD NOT BE USED BY THE OWNER FOR HIS BUSINESS/ PROFESSION...

can anyone tell how to calculate  income from paying guest