We know that Rent of Immoveable Property paid to owner or deemed owner is covered under Income from House Property

But Rent of Moveable Property like Plant and Machinery or Rent of Immoveable property paid to tenant is taxable as Income from Other Sources or PGBP income

(if regular business, then PGBP income otherwise Income from Other Sources)


  1. Income Tax
  2. Income from Other Sources

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.