Taxability of Different Incomes
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Taxability of Different Incomes
Last updated at April 16, 2024 by Teachoo
We know that Rent of Immoveable Property paid to owner or deemed owner is covered under Income from House Property
But Rent of Moveable Property like Plant and Machinery or Rent of Immoveable property paid to tenant is taxable as Income from Other Sources or PGBP income
(if regular business, then PGBP income otherwise Income from Other Sources)
