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Query Details

Asked by namish on :Aug. 04, 2018

I want to sublet a floor, from the building I hav…

I want to sublet a floor, from the building I have been renting. Do I have to pay Income tax on tha…

I want to sublet a floor, from the building I have been renting. Do I have to pay Income tax on that income?

0

Chiranjibi Aug. 04, 2018

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 subletting 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.

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