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When is income from rented accommodation to be treated as
investment income and when as trading income?
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Answer Posted / chalapathi rao govada
The answer will depends on the nature of investment made in
property.
The Basic nature of the person or organisation is to carry
on the rental business ie to buy or consturct the
properties and to let out.Here the main motive of
investment is to earn the rental income.It is the main
business objective of such concern.
In this case we need to considered as Trading income not as
income form house property.
On the other hand rental income should be treated as
investment income or income from house property.
| Is This Answer Correct ? | 2 Yes | 1 No |
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