Tractor & trolly (non agriculture) on monthly rent to a party.
Can we declare income us 44ad?
Or some other provision
Please advise asap
Regards
Vikas
No.
Declare it u/h PGBP and claim expenses along with depreciation.
machinery rent income can be treated us 44ad
VIKAS KUMAR SHARMA
(GST Practioner)
(734 Points)
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