Budget 2024: FM's Proposal Requires Residential House Rentals to Be Reported as House Property Income, Not PGBP [Read Bill]
The Finance Minister, in the budget presentation, proposed to make an amendment in Section 28 of the income tax act, 1961. The proposal required the...
![Income from Business of Renting Equipments of Residual Management not falls under House Property Income: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Income-from-Business-Income-from-Business-of-Renting-Equipments-of-Residual-Management-Renting-Equipments-of-Residual-Management-taxscan.jpg "Income from Business of Renting Equipments of Residual Management not falls under House Property Income: ITAT deletes Addition [Read Order]")
![Interest paid on Loan for Repayment of earlier loan for Construction of property may be Deductible from House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Interest-paid-Loan-Repayment-loan-Construction-property-Deductible-House-Income-ITAT-TAXSCAN.jpeg "Interest paid on Loan for Repayment of earlier loan for Construction of property may be Deductible from House Property Income: ITAT [Read Order]")
![Speculative Transaction through Broker without Purchase of Share: ITAT deletes Addition on Purchase of Shares and Commission Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Speculative-Transaction-Broker-ITAT-Purchase-of-Shares-Commission-Expenditure-Taxscan.jpeg "Speculative Transaction through Broker without Purchase of Share: ITAT deletes Addition on Purchase of Shares and Commission Expenditure [Read Order]")
![Addition u/s 153C should be based on Incriminating Materials found during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Addition-Incriminating-Materials-Search-ITAT-taxscan.jpg "Addition u/s 153C should be based on Incriminating Materials found during Search: ITAT [Read Order]")
![Income from Commercial Properties shall be treated as House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Income-from-Commercial-Properties-House-Property-Income-ITAT-Taxscan.jpg "Income from Commercial Properties shall be treated as House Property Income: ITAT [Read Order]")
Common Area Maintenance Charges not forming part of Actual Rent not Taxable as ‘House Property Income’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that Common Area Maintenance Charges not forming part of Actual Rent not Taxable as ‘House Property Income’. The assessee, Kapoor Watch...
![Common Area Maintenance Charges not forming part of Actual Rent not Taxable as ‘House Property Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Common-Area-Maintenance-Charges-Actual-Rent-Taxable-House-Property-Income-ITAT-Taxscan.jpg "Common Area Maintenance Charges not forming part of Actual Rent not Taxable as ‘House Property Income’: ITAT [Read Order]")
Compensation received under Option Agreement not Taxable as House Property Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the amount of compensation received under an option agreement cannot be brought to tax under the head “Income from House Property”...
![Compensation received under Option Agreement not Taxable as House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Retrenchment-Compensation-Taxscan.jpg "Compensation received under Option Agreement not Taxable as House Property Income: ITAT [Read Order]")
Depreciation not allowable on Office Premises Let Out If It is already assessed as House Property Income: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessee is not eligible to claim depreciation on office premises granted on the lease as business expenditure if it is...
![Depreciation not allowable on Office Premises Let Out If It is already assessed as House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/03/Network-Rights-Depreciation-Taxscan.jpg "Depreciation not allowable on Office Premises Let Out If It is already assessed as House Property Income: ITAT [Read Order]")
![Rental Income from Letting Out Properties by Builder is House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/Rent-Income-Taxscan.jpg "Rental Income from Letting Out Properties by Builder is House Property Income: ITAT [Read Order]")
![Rent from letting out of Terrace Taxable as House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Open-Terrace-Taxscan.jpg "Rent from letting out of Terrace Taxable as House Property Income: ITAT [Read Order]")
