https://www.taxtmi.com/caselaws?id=331997 Rental receipts assessed as income from house property cannot carry depreciation on furniture and fixtures, because the heads of income are mutually exclusive and Chapter IV-C depreciation does not apply in computing house property income. Where furniture and fixtures are integral to the letting and rent attributable to them is not separately ascertainable, the assessee cannot recharacterise part of the receipts as income from other sources. Brokerage and professional fees paid to secure tenants are likewise not deductible as business expenditure when the letting income falls under the house property head; deductions must be confined to that head's computation provisions. en-us Thu, 28 Jul 2016 00:00:00 +0530 Wed, 07 Sep 2016 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331997 Rental receipts assessed as income from house property cannot carry depreciation on furniture and fixtures, because the heads of income are mutually exclusive and Chapter IV-C depreciation does not apply in computing house property income. Where furniture and fixtures are integral to the letting and rent attributable to them is not separately ascertainable, the assessee cannot recharacterise part of the receipts as income from other sources. Brokerage and professional fees paid to secure tenants are likewise not deductible as business expenditure when the letting income falls under the house property head; deductions must be confined to that head's computation provisions. Case-Laws Income Tax Thu, 28 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331997