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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Income from lease rental by letting out machinery - merely ...


Leasing Machinery: Rental Income Remains 'Business Income' Even After Lease Term Ends, Not 'Income from Other Sources'.

November 21, 2011

Case Laws     Income Tax     HC

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

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