Tractor & trolly (non agriculture) on monthly rent to a party.
Can we declare income us 44ad?
Or some other provision
Please advise asap
Regards
Vikas
No.
Declare it u/h PGBP and claim expenses along with depreciation.
machinery rent income can be treated us 44ad
VIKAS KUMAR SHARMA (GST Practioner) (690 Points)
12 August 2019
CAclubindia
