preetham
asked
Hi Can I know, Is rental income from sub-letting chargeable to tax under the head “Income from house property”?
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veeru
answered
Rental income in the hands of owner is charged to tax under the head “Income from house property”. Rental income of a person other than the owner cannot be charged to tax under the head “Income from house property”. Hence, rental income received by a tenant from sub-letting cannot be charged to tax under the head “Income from house property”.
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Archana
answered
Hie Preetham,
- Rental income in the hands of owner is charged to tax under the head “Income from house property”. Rental income of a person other than the owner cannot be charged to tax under the head “Income from house property”.
- Hence, rental income received by a tenant from sub-letting cannot be charged to tax under the head “Income from house property”. Such income is taxable under the head “Income from other sources” or profits and gains from business or profession, as the case may be.
ARJUN PRATAP SINGH
answered
Dear Friend,
as far as your query is concerned that Is rental income from sub-letting chargeable to tax under the head “Income from house property”?
Let me informed that Rental income in the hands of owner is charged to tax under the head “Income from house property”. Rental income of a person other than the owner cannot be charged to tax under the head “Income from house property”. Hence, rental income received by a tenant from sub-letting cannot be charged to tax under the head “Income from house property”. Such income is taxable under the head “Income from other sources” or profits and gains from business or profession, as the case may be.
Hope answer was helpful to you
Regards,
Arjun Pratap Singh
RAHUL JAIN commented
almost 5 years ago
the problem is the tennant deducts TDS u/s 194I, and we shown the income under OS, But CPC has questioned/mismatch of income not shown under HP as Form 26AS reflecting TDS u/s 194I but income taxed under OS, Whats the way out
