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Is rental income from sub-letting chargeable to tax under the head “Income from house property”?

QuestionsCategory: Income TaxIs rental income from sub-letting chargeable to tax under the head “Income from house property”?
1 Answers
Profile photo of ShreyaGaurShreyaGaur Staff answered 5 months ago

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.