Rent income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2012
Income from rent received from taxi will be taxable under ??
28 July 2012
It is taxable under INCOME FROM BUSINESS AND PROFESSION.
It can be treated under presumptive tax scheme u/s 44AD.
It can be treated under presumptive tax scheme u/s 44AD.
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2012
but i thought it will be income from other sources. because rent received from any asset will be treated as income from other sources
28 July 2012
It will be taxable under B/P if related to business otherwise Other Sources
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