I have a business and I brought car for personal purpose and sometime I give it to other people on rent.
this income I showing up in my ITR 4 under the head income from other sources.
my query is that can I show as business or other sources of income ?
Menu
car rental income
Replies (3)
since it is an incidental income for you and you are not doing the business of renting the car therefore you must have to show it under Other Source..
ohkk thank you
most welcome
Recent Threads
- Taxation on Bonds
- How to learn about a deceased family member's inve
- Query about cash withdrawals and tax/ITR filing im
- TDS on partners remuneration u/s 194 T
- Income Tax Financial Year 2025-26
- GST Rate RCM
- AI in ERP and System Audits - Why Auditors Should
- Can updated return be filed having salary income a
- Save LTGC on land sale
- Property given on rent- ITC
Related Threads
CAclubindia
