Hello Sir,
A person, owner of Uber Cab, having also income form coaching center.
Whether Income form uber can be charged under the head of OTHER SOURCES in particular of rental income from machinery, plant and building, after deduction all expenses.
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Income Tax Head
Replies (5)
Yes, if the income from coaching center be your main business; and TDS deduction from Uber is marginal.
So can I show income from uber directly to the Head of OTHER SOURCES after deducted expenses related to uber cab....
Yes, but not depreciation over vehicle.
Thanks Sir
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