TMI BlogLeasing Machinery: Rental Income Remains 'Business Income' Even After Lease Term Ends, Not 'Income from Other Sources'.Income from lease rental by letting out machinery - merely because the lease period has expired, the character of the rental income does not change from ‘business income’ to ‘income from other sources’ .... - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
|