02 August 2016
I m a government employee having salary income as well as I received vehicle rent from a company to whom I hire my bolero on monthly rent basis. on such rent company has deducted TDS. how will show my salary income as well as rent income .which itr I should use.
how I compute taxable income of rent which I recd from company. thanks
02 August 2016
Disclose under 'other income' as per section 56(2)(ii) and claim depreciation u/s 57(ii) as per the rates applicable as per New Appendix I i.e. 15% or 30% (commercial) as the case may be.
CAclubindia
