REGARDING INCOME

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accountant
564 Points Posted on 14 June 2020
MENE EK VEHICLE RENT PE LIYA HE AUR VO VEHICLE ME GOODS TRANSPORT KE LIYE USE KARTA HU AUR USKA PAYMENT BANK ME CREDIT HOTA HE TO KONSI INCOME SHOW KAR SAKTE HE
OR WHICH ITR FILE FOR THIS TYPE OF INCOME.
THANK U ADVANCE
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On 14 June 2020 at 17:23 Report
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Quick Summary
If you're using a rented vehicle for transporting goods and receiving payments directly into your bank account, you can declare this income under 'Income from Other Sources'. However, if you own the vehicle, Section 44AE applies, requiring you to show presumptive income of £7,500 per month.

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131 Points Posted on 14 June 2020
You can show income under the head income from other source as you have not owned the vehicle,
if you are owner of the vehicle then section 44AE is application and have to show 7500 per month as your income on presumptive basis
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On 14 June 2020 at 18:02
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accountant
564 Points Posted on 15 June 2020
Thank u Vikram sir for reply
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On 15 June 2020 at 21:21

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