https://www.taxtmi.com/article/detailed?id=8534 Whether receipts from letting immovable property are assessable under Income from House Property or under Profits and Gains of Business or Profession depends on facts: passive letting with limited deductions attracts house property treatment with a standard deduction and restricted interest allowances, whereas systematic commercial exploitation or organized services to occupiers will characterise receipts as business income allowing broader business expense deductions. The classification requires analysis of objectives, services rendered, contractual terms and operational complexity. en-us Sat, 08 Jun 2019 07:14:38 +0530 Sat, 08 Jun 2019 07:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8534 Whether receipts from letting immovable property are assessable under Income from House Property or under Profits and Gains of Business or Profession depends on facts: passive letting with limited deductions attracts house property treatment with a standard deduction and restricted interest allowances, whereas systematic commercial exploitation or organized services to occupiers will characterise receipts as business income allowing broader business expense deductions. The classification requires analysis of objectives, services rendered, contractual terms and operational complexity. Articles Income Tax Sat, 08 Jun 2019 07:14:38 +0530 https://www.taxtmi.com/article/detailed?id=8534