Rental Income

[JEEVANANDAM K ANANDAM]

Rental receipts from commerical complex used for the purposes of departmental store. The same receipts has been paid after deducted TDS U/s. 194I.  I would like know whether rental receipts taxed under income from property or income from business ?. Please let me know such discrepancies regarding.

Thanks,

By

K.Jeevanandam

Tax Consultant

AI Summary

Classification of Rental Receipts from Commercial Complex: Income from Property or Business? Clarified as Rental Income. A tax consultant inquired about the classification of rental receipts from a commercial complex used as a departmental store, questioning whether it should be taxed as income from property or business. The receipts were paid after deducting TDS under Section 194I. A respondent clarified that it should be considered rental income. The original inquirer acknowledged and thanked the respondent for the clarification.