https://www.taxtmi.com/forum/issue?id=120865 Rental income received by an LLP from a warehouse owned by it and let out to another company is ordinarily assessable under the head Income from House Property where the activity is limited to simple letting of immovable property. Ownership of the land and warehouse, rather than the nature of the entity or the fact that rent is its sole source of income, determines the tax head in such a case. Treatment as Business Income arises only where letting forms part of a complex commercial operation or the property is commercially exploited with significant ancillary services. en-us Sat, 11 Apr 2026 17:37:54 +0530 Mon, 13 Apr 2026 22:12:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120865 Rental income received by an LLP from a warehouse owned by it and let out to another company is ordinarily assessable under the head Income from House Property where the activity is limited to simple letting of immovable property. Ownership of the land and warehouse, rather than the nature of the entity or the fact that rent is its sole source of income, determines the tax head in such a case. Treatment as Business Income arises only where letting forms part of a complex commercial operation or the property is commercially exploited with significant ancillary services. Discussion-Forum Income Tax Sat, 11 Apr 2026 17:37:54 +0530 https://www.taxtmi.com/forum/issue?id=120865