https://www.taxtmi.com/manuals?id=7999 Composite letting of a building with machinery, plant or furniture is taxable as income from other sources where the letting is inseparable and the receipts are not chargeable as business income. Deduction is allowed for insurance premium, land revenue, local rates, municipal taxes, current repairs, and depreciation, subject to the requirement that the assets be used only for business or professional purposes. Where the assets are not exclusively used for earning the taxable hire income, deductions are restricted proportionately. en-us Fri, 19 Jun 2026 18:39:00 +0530 Sat, 20 Jun 2026 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=7999 Composite letting of a building with machinery, plant or furniture is taxable as income from other sources where the letting is inseparable and the receipts are not chargeable as business income. Deduction is allowed for insurance premium, land revenue, local rates, municipal taxes, current repairs, and depreciation, subject to the requirement that the assets be used only for business or professional purposes. Where the assets are not exclusively used for earning the taxable hire income, deductions are restricted proportionately. Manuals Income Tax Fri, 19 Jun 2026 18:39:00 +0530 https://www.taxtmi.com/manuals?id=7999