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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