Income from house property: owner's rent taxed under that head; tenant's subletting taxed otherwise as other income. Rental income of the owner is taxable under Income from House Property; rental income of a person other than the owner, including a tenant's sub letting ... Summary
Income from house property: owner's rent taxed under that head; tenant's subletting taxed otherwise as other income.
Rental income of the owner is taxable under Income from House Property; rental income of a person other than the owner, including a tenant's sub letting receipts, is not chargeable under that head and is taxable as Income from Other Sources or as business or profession income, as applicable.
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