WHAT IS THE NATURE OF INCOME ??

VISHAL JAIN (Self Employeed) (169 Points)

27 August 2021  

I have a Client who has a Shop and very small part of the shop say a pillar is given to an advertisement agency for display of advertisement on which the advertisement agency is given monthly sum.

This is the case of sale of part of space of commercial property for display of advertisement and all maintenance activity for the advertisement including repairs are to be borne by my client.

What is the nature of Income is it taxable as Income from House Property or Business