banner_ad

Taxation of truck given on rent

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 August 2019 I have 2 trucks. I gives these trucks to different transporter companies for a small period in entire year ie one transport company 1 month another 2 months etc. they give me rent on monthly or quarterly basis. Total rent during the year is approx 2.5 lakh
i am also running a retail shop of iron rods which is registered under gst.

1. where to show this rental income in itr as a business income or as a rent income under income from other sources

2. is there any treatment of this rental income under gst
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
28 August 2019 1 Show it as business income Trucks opt for 44AE.
2 GST not applicable on rental income of trucks.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details