Nature of income and type of itr
This query is : Resolved
07 June 2016
Dear Experts,
I have a query regarding taxation of Income of Cab Drivers.
Generally, cab drivers hire cab from travel co. such as meru cab. Some fare are collected by travel co and some by drivers himself.Drivers are paying hire charges and a commission to travel co. After then remaining are paid to dricers. All expenses like petrol, maintenance etc. to be incurred by drivers. Now, my query is:
1. Whether it is business income of drivers?
2. Whether it is professional income of drivers? (as driving involved a skill)
3. Whether it is income from other source?
Thanks in advance.
I have a query regarding taxation of Income of Cab Drivers.
Generally, cab drivers hire cab from travel co. such as meru cab. Some fare are collected by travel co and some by drivers himself.Drivers are paying hire charges and a commission to travel co. After then remaining are paid to dricers. All expenses like petrol, maintenance etc. to be incurred by drivers. Now, my query is:
1. Whether it is business income of drivers?
2. Whether it is professional income of drivers? (as driving involved a skill)
3. Whether it is income from other source?
Thanks in advance.
07 June 2016
1 Yes it is a business income of drivers.
2 No it is not a professional income as cab is hired.
3 No it is not income from other source.
2 No it is not a professional income as cab is hired.
3 No it is not income from other source.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- What is provisional receipt number for generation of form 16A
- Scrutiny assessments u/s 143(2) for AY 25-26
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
