01-14-2010, 05:29 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by haseena</i>
<br />i want to ask if we r having income from other heads along with the property income, then property income will be taxable even if it is less then 150000?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear,
Notwithstanding any thing in the ordinance or the facts revealed by others with regard to your query, please note that no tax will be withheld or payable in case of property income being lower than the threshold provided under section 15, since the property income is treated as a seperate block of income, it has no concern with the income earned under any other heads of income.
Had the property income been clubbed with other incomes then the taxability of property income (in case of Rs. 150,000) would have been prevalent.
Summarily, no tax is required to be paid in the case referred by you.
I hope you have been replied.
Best Regards,
<br />i want to ask if we r having income from other heads along with the property income, then property income will be taxable even if it is less then 150000?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear,
Notwithstanding any thing in the ordinance or the facts revealed by others with regard to your query, please note that no tax will be withheld or payable in case of property income being lower than the threshold provided under section 15, since the property income is treated as a seperate block of income, it has no concern with the income earned under any other heads of income.
Had the property income been clubbed with other incomes then the taxability of property income (in case of Rs. 150,000) would have been prevalent.
Summarily, no tax is required to be paid in the case referred by you.
I hope you have been replied.
Best Regards,
