Dear Friends, just simple but confusing question.
* A person is having (1) income from salary - Part time employment (2) Income from dealing in shares i.e. capital gain (4) Income from share of profit and interest from a partnership firm and (4) income by way of lease rent from a vacant plot of land (more than 15 plots)
* he owns his own car.
Now the question is that
1) Can he claims depareciation on car & interest on car loan as deduction and if yes, against which income ??
2) Lease rent on vacant plot of land shall be chargeable under which head ????
CAclubindia
