where to show the rental income received on leasing of p&m,the amount received after deducting TDS @ 2%...........?
where to show the rental income received on leasing of p&m,the amount received after deducting TDS @ 2%...........?
If you are into the business of renting out such P&Ms, then under profits & gains from business/profession. If not, then under other sources.
If its a regular source of income, carried on a large scale, show it under PGBP.
Else you can treat is as Income from other sources.
u can treat this income from business
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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Naveen Fintech Pvt Ltd
Kolkata
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