DPM Ltd constructed staff quarters and let out the same during the financial year 2016-17. Its rent received ₹ 7,50,000 by way of rent from employees during the year. The rental receipt is taxable as:
CS Executive · Tax Laws and Practice · PYQS · December 2017
DPM Ltd constructed staff quarters and let out the same during the financial year 2016-17. Its rent received ₹ 7,50,000 by way of rent from employees during the year. The rental receipt is taxable as:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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