Under what head of income???

Rented income tax under PGBP or income from other soures.

Hi Sabitha, in case of renting of land or building (unless rent is composite rent), income will be calculated under income from house property i.e as per the provisions of sec 22 to 27

and for available deduction visit the given link

https://www.simpletaxindia.net/p/income-from-house-property-income-tax.html

thanks :)

Where letting of building is inseparable from letting of machinery, plant and furniture and in such cases rental income received from the building is to be assessed under the head "Income from other sources" or "Income from Business & Profession".i.e in case of Composite Rent , refer the given link for more detail.

https://taxmantra.com/composite-rent-taxability-act/

is the rental income taxed differently for individuals and companies????

No in both cases income will be calculated as per provision of section 22 to 27 no difference is there.

for a real estate firm is land an asset or a commodity???can u elaborate???

For real estate land is stock if it is purchased with the intention of selling it at profit.

But where, land or building purchased for keeping it  for business use like for running office or for staff/employee accomodation it will be treated as Asset.