Is rental income received from a vacant plot of land also taxable?
No, for the purpose of the ‘Income from House Property’ section, there are definitions that are applicable, as follows: “Building” is defined as any building (whether occupied or intended for self-occupation), office building, go-down, storehouse, warehouse, factory, halls, shops, stalls, platforms, cinema halls, auditorium etc. Income arising out of the building or a part of the building is covered under this section. “Lands” is defined as land adjoining to or forming a part of the building. It would depend on the nature of the land, whether it is appurtenant to the residential building, factory building, hotel building, club house, theatre etc. and will include courtyards, compound, garages, car parking spaces, cattle shed, stable, drying grounds, playgrounds and gymkhana. Income from buildings and lands appurtenant are taxable under Income from House Property. So, this will include income from a building (that part of it which is owned by you e.g. the flat that you own), and the inc
