Income tax on Assured Return of Property

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  1. S K Jain

    S K Jain New Member

    I have booked a commercial property (virtual space) where assured return @ 12% per annum is being paid by builder on monthly basis, possession is yet to be given by builder. Will this assured return paid by builder will be taxed? If yes on what basis / which head & rate.
     
  2. Neha Sharma

    Neha Sharma Active Member

    Does the Contract mention anything that this 12% p.a is being paid as Interest on Investment or this is being paid as Rent?
     
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