CAF-2 · Chapter 10 · Question 13 of 15
Mr. X rented a commercial building from the original owner. He later sub-leased a portion of this building to Mr. Y. Under which head of income will the rent received by Mr. X from Mr. Y be taxed?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) C) Income from Other Sources
Explanation
Rent from the sub-lease of land or a building is specifically classified and chargeable to tax under the head "Income from Other Sources".
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