DPM Ltd. constructed staff quarters and let out the same during the financial year 2020-21. Its rent received₹ 7,50,000 by way of rent from employees during the year. The rental receipt is taxable as:
A. Income from house property
B. Income from business
C. Perquisite in the hands of employees
D. Income from other sources
Answer:B
DPM Ltd. constructed staff quarters and let out the same during the financial year 2020-21. Its rent received₹ 7,50,000 by way of rent from employees during the year. The rental receipt is taxable as:
A. Income from house property B. Income from business C. Perquisite in the hands of employees D. Income from other sources