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        F. Acts / Amendment Acts

        Section 11 - Amendment of section 28.

        Finance (No. 2) Act, 2024
        Chapter III
        DIRECT TAXES - Income-tax

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        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.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              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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