If a property is under construction and if the assessee has any plot in that property , then whether the
rent received on that particular plot is taxable??
Please help
Thanx in advance
Menu
Tax
Replies (2)
Rental income is taxable under House Property Head only in case of Rent from Building and Land appurtenant thereto (ie there must be a building for taxing under HP Head).
Since building is under construction , the same is not taxable under HP Head, but rent on plot is taxable under the head of Other Sourse Income....
agree with above reply
Recent Topics :
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
CAclubindia
