https://www.taxtmi.com/article/detailed?id=7927 Rental receipts from ownership and letting of land and buildings are economically akin to commercial activity and should be assessed under the head of business rather than under the notional computation regime of house property; treating letting as business allows recognition of depreciation and matching of expenses for repair, replacement and financing, thereby producing a more accurate measure of real income. en-us Tue, 20 Mar 2018 07:48:48 +0530 Tue, 20 Mar 2018 07:48:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7927 Rental receipts from ownership and letting of land and buildings are economically akin to commercial activity and should be assessed under the head of business rather than under the notional computation regime of house property; treating letting as business allows recognition of depreciation and matching of expenses for repair, replacement and financing, thereby producing a more accurate measure of real income. Articles Income Tax Tue, 20 Mar 2018 07:48:48 +0530 https://www.taxtmi.com/article/detailed?id=7927