Warehousing Rental Receipt is Income From House Property or Business ?? !

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Persons who are involved in the business of rental of space in warehousing , often , get confused whether the income should be shown under the head “Income from House Property ” or since it is being carried out as a business activity, the rent receipt ( warehousing receipts) should be shown as “business income”. While the logic says the if the warehousing income is earned as part of business activity, the income tax law , as interpreted by high courts, provides otherwise. That the income from warehousing should be computed under the head “Income from House Property”.

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