https://www.taxtmi.com/article/detailed?id=12480 Income taxed under heads other than business may be treated as business income for specific statutory computations where it arises from activities forming part of the same business and is presented as such in audited accounts. Under the investment/deposit-linked deduction regime, qualifying profits are taken from business accounts; an eligible business can include receipts like rental income if shown in the profit and loss account and not expressly excluded by the statutory definition, enabling such receipts to be included when computing the deduction. en-us Sat, 30 Mar 2024 19:24:55 +0530 Sat, 30 Mar 2024 19:24:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12480 Income taxed under heads other than business may be treated as business income for specific statutory computations where it arises from activities forming part of the same business and is presented as such in audited accounts. Under the investment/deposit-linked deduction regime, qualifying profits are taken from business accounts; an eligible business can include receipts like rental income if shown in the profit and loss account and not expressly excluded by the statutory definition, enabling such receipts to be included when computing the deduction. Articles Income Tax Sat, 30 Mar 2024 19:24:55 +0530 https://www.taxtmi.com/article/detailed?id=12480