Please explain taxability of rental income.

Forums General Discussion Please explain taxability of rental income.

Please explain taxability of rental income.

May I know under which head is rental income received from a shop taxed?

Profile photo of Sharvari Jawale Asked By: Sharvari Jawale 1 replies 0 helpful answers Last Updated: 4 months, 3 weeks ago
  • Profile photo of Sharvari JawaleSharvari Jawale
    Participant

    May I know under which head is rental income received from a shop taxed?

  • Profile photo of Shweta RabadeShweta Rabade
    Moderator

    Rental income from a property, being building or land appurtenant thereto, of which the taxpayer is the owner is charged to tax under the head “Income from house property”. To tax the rental income under the head “Income from house property”, the rented property should be building or land appurtenant thereto. Shop being a building, rental income will be charged to tax under the head “Income from house property”.

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