A company owns a residential house and lets it out in the course of its business. Under section 26(4)…

Section 26(4) of the Income-tax Act, 2025 provides that income from letting out a residential house, or part of it, by its owner is not included in business income and is chargeable only under the head "Income from house property". This applies even where the letting is carried on as part of the owner's business. Section 26 corresponds to section 28 of the repealed Income-tax Act, 1961.