Rental income from uber

07 August 2019

can rental income of cab from Uber be shown in ITR 1 in other sources head

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3 Replies

CA. Punith Harish (PRACTICING CHARTERED ACCOUNTANT) (445 Points)
Replied 07 August 2019

it's is not a income from other sources, it is business and it should be shown under business income.

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Gaurav Sharma (155 Points)
Replied 07 August 2019

ok sir. But only one cab on rent can be understood as business.
please clarify

CA. Punith Harish (PRACTICING CHARTERED ACCOUNTANT) (445 Points)
Replied 08 August 2019

number of vehicles does not matter, if you have single cab it should be income from business only. declare the income u/s 44AE .

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