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Income Head from Rapido
Income from Rapido Bike Taxi & Food delivery service provided by Rapido driver , taxable under which Income head
Replies (6)
File itr4, show it as professional services in 44ada
It is not a specified profession as per section 44AA, hence it cannot be shown as professional service under section 44ADA. You can consider it as a business and show it under section 44AD. If salary is received then can show it under Salaries.
@ kev Men Thank you
There is no fixed income.
Payments are done as per completed order after deducting there platform charges
Can I show as IFOS ?
There is no fixed income.
Payments are done as per completed order after deducting there platform charges
Can I show as IFOS ?
It seems that the nature of service being a driver is full time basis i.e primary source of income. Hence it is advisable to show it as a business instead of IFOS.
Yes show as a business. and you may opt for 44ad for convenience
Thank you all Dear Senior for your valuable reply
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