Furniture Hire Income Classified as Business Income, Not 'Other Sources', Based on Case Law and Asset Classification. https://www.taxtmi.com/highlights?id=49568 Characterization of income - Income from giving furniture on hire - 'Income from Other Sources’ - Furniture and fixtures are business assets of the assessee, hence, income generated from giving furniture on hire is business income of the assessee. en-us Tue, 01 Oct 2019 09:50:21 +0530 Tue, 01 Oct 2019 09:50:21 +0530 TaxTMI RSS Generator Furniture Hire Income Classified as Business Income, Not 'Other Sources', Based on Case Law and Asset Classification. https://www.taxtmi.com/highlights?id=49568 Characterization of income - Income from giving furniture on hire - 'Income from Other Sources’ - Furniture and fixtures are business assets of the assessee, hence, income generated from giving furniture on hire is business income of the assessee. Highlights Income Tax Tue, 01 Oct 2019 09:50:21 +0530 https://www.taxtmi.com/highlights?id=49568