Hi guys,
I have I am getting Rs. 50k per month from Uber and I am paying Rs. 13000 per month to Car loan and Salary to driver Rs. 25000.
Please let me know the tax implications and deductions.
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Income earned from Uber
Replies (1)
Take Your receipt related Documents and File based on the receipts (Also calculate any other incomes)....
The Driver salary, Vehicle Maintenance and Interest on Car loan is Your expense...
The Loan Repayment is Your liability it's not your expenditure except interest...
After collecting these details then go to file Your ITR...
I suggested to You ITR 4 (AY 17-18).
As per Your above calculation no more tax liability arise...
Note :
Check out Your Form 26AS in case TDS is deducted....
The Driver salary, Vehicle Maintenance and Interest on Car loan is Your expense...
The Loan Repayment is Your liability it's not your expenditure except interest...
After collecting these details then go to file Your ITR...
I suggested to You ITR 4 (AY 17-18).
As per Your above calculation no more tax liability arise...
Note :
Check out Your Form 26AS in case TDS is deducted....
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