Income from Lease of Car falls under which head?
This query is : Resolved
Sunil Kumar
(Querist)
11 July 2009
Hello Experts,
I want to know that the Income from Rental/Lease of Car (Motor Vehicle) falls under which head??
Thanx n Regards,
Sunil Kumar
I want to know that the Income from Rental/Lease of Car (Motor Vehicle) falls under which head??
Thanx n Regards,
Sunil Kumar
Ratan Sharma
(Expert)
11 July 2009
If it is your main source of income then under the head Income from business or profession otherwise Income from other sources.
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