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Commerce · Q313

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 313

Q313

The assessee lets on hire machinery, plant or furniture belonging to him and also building and the letting of the buildings is inseparable from the letting of the said machinery, plant and furniture, the income from such letting is chargeable to tax under the head:

A.
Income from Business
B.
Income from Capital Gain
C.
Income from Other Sources
Answer
D.
Profit and Gain from Business or Profession

Answer: Option C

Solution

Answer: Option C
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