Room rent received from 40 no Flats from one Building from Rs 7000 to 8000 per flats. In ITR is it mandatory to show all the Flats number and tenant pan number? Can we show consolidated rent in Income Tax Return. what will be convenient to show rental Income or Business Income in ITR?
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Rental Income FRO LARGE NO OF FLATS FROM ONE APPARTMENT OR BUILDING.
Replies (1)
Depending upon the nature of activity, it can be business income too.
Otherwise, for HP income, details of all the tenants &/or flats should be declared separately.
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