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Income Head from Rapido

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47 Points Posted on 08 October 2021
Income from Rapido Bike Taxi & Food delivery service provided by Rapido driver , taxable under which Income head
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On 08 October 2021 at 20:05 Report
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2 Points Posted on 08 October 2021
File itr4, show it as professional services in 44ada
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On 08 October 2021 at 21:55
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790 Points Posted on 08 October 2021
It is not a specified profession as per section 44AA, hence it cannot be shown as professional service under section 44ADA. You can consider it as a business and show it under section 44AD. If salary is received then can show it under Salaries.
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On 08 October 2021 at 22:14
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47 Points Posted on 08 October 2021
@ kev Men Thank you
There is no fixed income.
Payments are done as per completed order after deducting there platform charges
Can I show as IFOS ?
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On 08 October 2021 at 22:49
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790 Points Posted on 08 October 2021
It seems that the nature of service being a driver is full time basis i.e primary source of income. Hence it is advisable to show it as a business instead of IFOS.
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On 08 October 2021 at 22:59
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tax consultant
3306 Points Posted on 09 October 2021
Yes show as a business. and you may opt for 44ad for convenience
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On 09 October 2021 at 09:06
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47 Points Posted on 09 October 2021
Thank you all Dear Senior for your valuable reply
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On 09 October 2021 at 10:37


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