CAF-2 · Chapter 10 · Question 2 of 15
Mr. Kashif leased out a commercial building along with the plant and machinery installed in it for a composite rent of Rs. 500,000 per month. Under which head of income will this composite rent be chargeable to tax?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) D) Income from Other Sources
Explanation
Income from the lease of any building together with plant or machinery is specifically chargeable to tax under the head "Income from Other Sources".
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