I am planning to buy a fractional commercial property via https://hbits.co/ .
The rental income that we will receive, for taxation purposes will it be business income or income from house property?
I want to avoid the 30% taxation on rental income as per my tax slab. If it is considered business income, can we file it under presumptive tax?
Can we claim 30% standard deduction if its shown under income from house property?