XY Ltd. has given its owned quarters to the workers near the factory premises and it charges rent from the workers. The rental income will be charged to tax under the head
A. House Property
B. Profits and Gains of Business or Profession
C. Income from other sources
D. Any of the above
Answer:B
XY Ltd. has given its owned quarters to the workers near the factory premises and it charges rent from the workers. The rental income will be charged to tax under the head
A. House Property B. Profits and Gains of Business or Profession C. Income from other sources D. Any of the above