Tax classification of rental income: owner let residential property taxed under house property head, not business. Clarifies that income from letting a residential house or part of it by the owner shall not be chargeable under Profits and gains of business or ... Summary
Tax classification of rental income: owner let residential property taxed under house property head, not business.
Clarifies that income from letting a residential house or part of it by the owner shall not be chargeable under Profits and gains of business or profession but shall be chargeable under Income from house property.
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