https://www.taxtmi.com/manuals?id=7998 Income from machinery, plant or furniture let on hire is taxable under the head Income from Other Sources where it is not assessable as business income. Where letting of a building is inseparable from the letting of machinery, plant or furniture, the composite receipt is also taxed under the same head if not otherwise taxable as business income. Deductions are available for rent, rates, taxes, repairs, insurance, current repairs, depreciation, and, where applicable, unabsorbed depreciation, subject to restrictions on exclusive or proportionate use. en-us Fri, 19 Jun 2026 18:27:00 +0530 Sat, 20 Jun 2026 14:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=7998 Income from machinery, plant or furniture let on hire is taxable under the head Income from Other Sources where it is not assessable as business income. Where letting of a building is inseparable from the letting of machinery, plant or furniture, the composite receipt is also taxed under the same head if not otherwise taxable as business income. Deductions are available for rent, rates, taxes, repairs, insurance, current repairs, depreciation, and, where applicable, unabsorbed depreciation, subject to restrictions on exclusive or proportionate use. Manuals Income Tax Fri, 19 Jun 2026 18:27:00 +0530 https://www.taxtmi.com/manuals?id=7998