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Income tax on rental income received from Hostel

Tax queries 958 views 2 replies

Dear Sir/Madam

We are running Hostel and let out  majorly to students and charging only rental on monthly basis. No other facilities like fooding etc provided by us.

Please guide whether such rental income is chargeable under House Property or Business.

Replies (2)
Practically, house property can be a better fit. Theoretically, both are possible.
Income from House property


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