dear sir
my clint tractor supply in plant site so how in select income tax head ?
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Income tax head
Replies (2)
ITR3 for business income
ITR2 for rental income.
1. Any person who is engaged in the business of supplying or leasing a Tractor will be considered as running a business and the resultant profit or loss will be charged to tax under the head Profits and gains from a business or profession (PGBP).
Please correct me if the above solution has an alternative view.
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