What is the tax treatment of composite rent when the composite rent pertains to letting out of building along with charges for provision of services? https://www.taxtmi.com/manuals?id=4059 Composite rent for a building with service charges must be bifurcated: the portion for use of the property is taxable under Income from house property, while charges for services (lift, watchman, water supply, etc.) are taxable separately under Profits and gains of business or profession or Income from other sources as applicable. en-us Sat, 23 Dec 2023 13:00:00 +0530 Sat, 23 Dec 2023 13:00:00 +0530 TaxTMI RSS Generator What is the tax treatment of composite rent when the composite rent pertains to letting out of building along with charges for provision of services? https://www.taxtmi.com/manuals?id=4059 Composite rent for a building with service charges must be bifurcated: the portion for use of the property is taxable under Income from house property, while charges for services (lift, watchman, water supply, etc.) are taxable separately under Profits and gains of business or profession or Income from other sources as applicable. Manuals Income Tax Sat, 23 Dec 2023 13:00:00 +0530 https://www.taxtmi.com/manuals?id=4059