If out of block of asset part of asset is let out whether the letout part can be treated as income from house property

Question added by Salman Mansoori , Senior Finance Manager , Y.K.BHAGWAGAR & CO
Date Posted: 2015/02/25

Upvote (0) Views (2) Followers (4) Answers (3) Report Question

by Yasser Mohamed Abd El Aziz , Chief Financial Officer (cfo) , MI-national asset management company

yes it should be treated as other income

Yes and you can report the letting-out income as miscellaneous/other income.

by Fakhruddin Johar Ali , Accountant , Angelato gelatos & pastries

yes it should be treated as other income as its generating income.

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