Hello Sir,
A person, owner of Uber Cab, having also income form coaching center.
Whether Income form uber can be charged under the head of OTHER SOURCES in particular of rental income from machinery, plant and building, after deduction all expenses.
Menu
Income Tax Head
Replies (5)
Yes, if the income from coaching center be your main business; and TDS deduction from Uber is marginal.
So can I show income from uber directly to the Head of OTHER SOURCES after deducted expenses related to uber cab....
Yes, but not depreciation over vehicle.
Thanks Sir
Welcome, Dear ...
Recent Topic
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
Related Topics
CAclubindia
