Bike rental business

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 June 2016 I am running a bike rental business wherein company shares a percentage of rentals earned by my bike. All the maintenance costs are mine. The vehicle is registered in my name but given on a lease to the company. It has been registered as a commercial vehicle. Can I claim the depreciation of vehicle in such a case ? Which income tax form do I need to fill for this ? I do not have a firm registered and also get a salary from my usual job.
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Amol S Joglekar

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Amol S Joglekar (Expert)
20 June 2016 yes, you can claim the depreciation
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Querist : Anonymous

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Querist : Anonymous (Querist)
21 June 2016 Which form is filled for tax filing in such a case ?
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