Khosla kee House Property!

What's Khosla kee house property teaching us about Tax on house property?

Khosla ka Ghosla movies shows how land mafia acquires the property of Mr. Khosla and how Khosla and his family vows to take it back from Khurana (Mafia).

For a property to be taxable under house property, property should consist of a building or land attached to it.

Rental Income of a vacant plot (Not attached to building) is not chargeable to tax under the head “Income from house property”, but is taxable under the head “Profits and gains of business or profession” or under the head “Income from other Sources”, as the case maybe.

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