Rent on plant and machine disclose in which head of income
This query is : Resolved
18 April 2017
A asesssee receive rent on plant and machinery how to disclose his incone wheather other source or bussiness and profession
19 April 2017
It solely depends on nature of transaction i.e if assessee has business of providing plant & machinery on Rent then it will be shown under head Income form Business and Profession otherwise same is to be shown under head Income from Other Sources
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