Question

48.Mandan has taken a house on rent and
sublets the same to Anil. Income from such
house property shall be taxable under the
head.
O Income from house property
O Income from other sources
O Business Income
O None of the above​

Answer 1

The income from other sources

• As Mandan is not the owner of the house hence the income will not be from house property. The income will be considered to be from a house property if the question referred to the owner of the house.
• As the house is also not a business venture, hence such source of income will also not be considered as a business income.
• Such kind of income will be considered as income from other sources and this, the second option is correct.