Under Composite rent when letting of property is inseparable from letting of other assets then even if the rent for the two things is separately mentioned, the income is taxable as :
A. Profits and gains from business or profession
B. Income from house property
C. Income from other sources
D. Either (a) or (c) above depending upon certain conditions.
Answer:D
Under Composite rent when letting of property is inseparable from letting of other assets then even if the rent for the two things is separately mentioned, the income is taxable as :
A. Profits and gains from business or profession B. Income from house property C. Income from other sources D. Either (a) or (c) above depending upon certain conditions.