01 August 2017
Whether the income received from such business from ola/uber is exempt or taxable? The tds is being deducted by them. Does self assessment tax needs to be paid on same while filing itr? If exempt how should the income be shown in return & under which section?
01 August 2017
I presume you are asking about Income Tax since you used the word TDS and Self Assessment Tax.
The income from renting out vehicles is taxable.
find out profit or loss from business and claim TDS deducted against taxes due if any
02 August 2017
44AE deals with income from plying of goods carriages Ola/Uber are passenger transport. in case your gross receipts from the business is more than Rs. 1 Crore only then audit under 44AB is required
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