Which head of income

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director of pvt ltd company let out house property to company rent recd from the company taxable in which head ???

house property
or
business and profession

??

Replies (21)
House property
are you sure
if partner let out property to firm and rent recd from firm is taxable in which head for partner ??????
house property or business and profession ????
house property .
it's simple
rent recd from let out property is always taxable under head "income from house property".
wrong
in case of firm rent recd to partner is taxable in business profession
that is why i am asking for company
which section.
charging section of house property sec 22
I agree with @ Pardeep
so you also agree with rent income recd from firm ??????
@ Yash ji sorry'..
u r ryt.
Rent recd by a partner shall be taxable under "PGBP".
so ignore my above replies & I agree with Yash.


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