Composite rent of let-out house property, where the two lettings are not separable, is taxable as:
A. Profits and gains from business or profession
B. Income from other sources
C. Income from house property
D. Either (a) or (b) above depending upon certain conditions.
Answer:D
Composite rent of let-out house property, where the two lettings are not separable, is taxable as:
A. Profits and gains from business or profession B. Income from other sources C. Income from house property D. Either (a) or (b) above depending upon certain conditions.