Income from house property: rent from a shop is taxable under the house property head as it is a building. Rental receipts from a shop qualify as income from house property because the rented asset is a building or land appurtenant thereto; a shop, being a ... Summary
Income from house property: rent from a shop is taxable under the house property head as it is a building.
Rental receipts from a shop qualify as income from house property because the rented asset is a building or land appurtenant thereto; a shop, being a building, is chargeable under Income from House Property.
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