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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Rental income received by the Assessee - owners of the property ...


Rental Income from Sub-Tenancy Taxed as House Property Income u/s 27(iiib) of Income Tax Act.

June 29, 2018

Case Laws     Income Tax     AT

Rental income received by the Assessee - owners of the property have allowed the assessee firm to create sub-tenancy with the regard to the premises - assessee is the deemed owner of the premises u/s 27(iiib) - to be taxed as Income from House property and not as Income from Other sources.

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