HP income for companies

This discussion clarifies how to classify and compute income for companies where Tax Deducted at Source (TDS) has been applied under Section 194IB. It highlights that the classification of this income, whether as 'Income from Other Sources' or 'Income from Business/Profession', can depend on the company's Memorandum of Association (MOA) objectives and court rulings. Rental income is typically considered 'Income from House Property' if incidental, but 'Income from Business/Profession' if it's a primary objective.