DPM Ltd. constructed staff quarters and let out the same during the financial year 2020-21. Its rent received ₹ 7,50,000 by way of rent from employees during the year. The rental receipt is taxable as:

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Question:DPM Ltd. constructed staff quarters and let out the same during the financial year 2020-21. Its rent received ₹ 7,50,000 by way of rent from employees during the year. The rental receipt is taxable as:

1.Income from house property

2.Income from business

3. Perquisite in the hands of employees

4. Income from ‘other sources’

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  1. DPM Ltd. constructed staff quarters and let out the same during the financial year 2020-21. Its rent received ₹ 7,50,000 by way of rent from employees during the year. The rental receipt is taxable as:
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