Ans. As such the Income Tax Act does not differentiate between residential and commercial property. Only Property is defined in the Act.
A property is residential' or 'commercial' by virtue of its usage. When a commercial property is let out, its rent is taxed under the head Income from House Property, since there is no other head of income tax where this rent can be reported and taxed. Self Occupied (commercial or residential) property is also taxed under HP head.