ITR 4 for Car Rent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 February 2011 A person received monthly rent from car Rs. 27500/-PM(330000/-P.A)He paid Driver salary, Repair & maint and fuel exps. from own pocket.He has only one source of income(car rent)Which ITR form applicable for this type of income.(ITR 4-or ITR 2.Please guide.

Guest

Guest (Expert)

08 February 2011 It is not rent but hiring charges from plying a car and this will be income from business & profession.

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