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If out of block of asset part of asset is let out whether the letout part can be treated as income from house property

Real Property Fixed Assets Depreciation
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Question added by Salman Mansoori , Senior Finance Manager , Y.K.BHAGWAGAR & CO
Date Posted: 2015/02/25
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Yasser Mohamed Abd El Aziz
by Yasser Mohamed Abd El Aziz , Chief Financial Officer (cfo) , MI-national asset management company

yes it should be treated as other income 

Deleted user
by Deleted user

Yes and you can report the letting-out income as miscellaneous/other income.

Fakhruddin Johar Ali
by Fakhruddin Johar Ali , Accountant , Angelato gelatos & pastries

yes it should be treated as other income as its generating income.

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