TaxTMI 
TaxTMI 
Dear Expert
Our Client has Recovered Interest Amount from defaulter Tenant.
Our Quairy : Interest Recovered is Consider as Income from house property or Other Sources of Income
Please Guide
INTREST RECOVERD FROM TENANT
17 Jul 2024 
1 Reply 
474 Views Asked by
Interest recovered from tenant treated as income from other sources, not as income from house property.
Interest recovered from a defaulting tenant is not part of the property's annual value and therefore does not qualify as income from house property; it should be characterised as income from other sources. (AI Summary)
Interest recovered from a defaulting tenant is not part of the property's annual value and therefore does not qualify as income from house property; it should be characterised as income from other sources. (AI Summary)