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Query relating to House Property...

Tax queries 435 views 2 replies

Does a plot of land contitutes House Property?

 

Pls asnwer only if u r sure abt it.....

Replies (2)

Dear Gaurav,

             Income from land appurtenant to building will be taxed under IHP. However, if there is no buildings and there is only a small piece of land, it does not constitute HP

Originally posted by : CA.G.Muguntha Narayanan

Dear Gaurav,

             Income from land appurtenant to building will be taxed under IHP. However, if there is no buildings and there is only a small piece of land, it does not constitute HP


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