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Income Tax - Highlights / Catch Notes

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Correct head of income - Taxability of rental income - there is ...


Rental Income Taxable as 'Income from House Properties'; No Depreciation Deduction Allowed u/s 32 for Rented Period.

September 25, 2020

Case Laws     Income Tax     AT

Correct head of income - Taxability of rental income - there is no question of allowing any deduction as depreciation under section 32 for the period for which this property was let out and income thereof was offered for tax under the head 'income from house properties' - AT

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