Income received by letting out property on commercial basis is considered as business income : ITAT

Income from rent is Business income

Nature of the property being let out: If the property being let out is a commercial property, such as a shop or office, it is more likely to be considered a business activity.

Length of the lease: If the lease is for a significant period of time, it is more likely to be considered a business activity.

Services provided by the landlord to the tenant: If the landlord provides services to the tenant, such as maintenance or repairs, it is more likely to be considered a business activity.

Intention of the landlord: If the landlord's intention is to earn a regular income from the letting out of the property, it is more likely to be considered a business activity.