INTREST RECOVERD FROM TENANT, Income Tax

[NILESH PITALE]

Dear Expert

Our Client has Recovered Interest Amount from defaulter Tenant.

Our Quairy : Interest Recovered is Consider as Income from house property or Other Sources of Income

Please Guide

Posts / Replies

[Padmanathan Kollengode]

In my opinion, it should be income from other sources.

What is taxable under income from house property u/s 22 is only the annual value of the property.