Rental income taxability "business income" & "other sources"
Querist : Anonymous
In the month of May - June 2012, a close relative of ours (uncle) made a holiday visit to India from UK where they are residing permanently,
Now, in India, they required a taxi car for visiting various tourist places in India.
Instead of hiring Taxi, they requested me to give my car for two months period to them for touring various places in India & for their convenience.
I agreed to do so & they used my car for two months for touring India.
Now while returning to UK they transferred Rs 30,000 into my account for using my car inspite my denial.
Kindly suggest the treatment of this Rs 30,000 in my ITR. Whether the same should be treated as:
-Business Income; or
-Other Sources
Kindly also quote the section for reference purpose.
Thanks
Querist : Anonymous
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