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Rent on plant and machine disclose in which head of income

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(Querist)
18 April 2017 A asesssee receive rent on plant and machinery how to disclose his incone wheather other source or bussiness and profession
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CA Shubhanshu Jain

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CA Shubhanshu Jain (Expert)
19 April 2017 It solely depends on nature of transaction i.e if assessee has business of providing plant & machinery on Rent then it will be shown under head Income form Business and Profession otherwise same is to be shown under head Income from Other Sources
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