Composite Rent: Tax Assessed Separately for Building Under Section 22, Other Services Under Sections 28 or 56.

Composite rent refers to the income received by a property owner from renting both a building and additional assets or services, such as furniture, machinery, lifts, security, or power backup. When assessing tax on composite rent, if the rent for the building and other services or assets is separable, the building rent is assessed under Section 22, while other services or assets are assessed under Sections 28 or 56. If inseparable, the entire rent is assessed under Sections 28 or 56.

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