Income on taxi fare services

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No
105 Points Posted on 15 June 2020
An assessee is having income only through through taxi fare. TDS is deducted @ 1% on such income under section 194C. Now he need to file income tax return. Under which head he has to file income? whether "Income from other sources" or "Income from business"?
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On 15 June 2020 at 11:19 Report
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This discussion addresses how an individual earning solely from taxi fares should declare their income on their tax return. Given that TDS is deducted under Section 194C, the consensus is that this income should be classified under 'Income from Business or Profession' as it represents a regular business activity.

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Consultant
1891 Points Posted on 15 June 2020

Income from Business/Profession  - because it is regular source of Income. 

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On 15 June 2020 at 12:30
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20 Points Posted on 15 June 2020
Income from business/profession as this is his business only
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On 15 June 2020 at 13:20
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Student
1321 Points Posted on 15 June 2020
Income from business or profession
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On 15 June 2020 at 14:07

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