Shivani has let out her premises to a bank for opening the branch. This would be extremely favourable for her business. The rental income generated from letting the building to the bank will be taxable as
A. House Property
B. Profits and Gains of Business or Profession or Income from other sources
C. Income from other sources
D. Profits and Gains of Business or Profession
Answer:D
Shivani has let out her premises to a bank for opening the branch. This would be extremely favourable for her business. The rental income generated from letting the building to the bank will be taxable as
A. House Property B. Profits and Gains of Business or Profession or Income from other sources C. Income from other sources D. Profits and Gains of Business or Profession