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

[CAGOPALJI AGRAWAL]

Per your querry, it would be rental income only.

[JEEVANANDAM K ANANDAM]

Thank you sir

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.