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44ae

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(Querist)
02 July 2016 If goods carriers are hired whenever the requirement arise and given back and the Same process continued for entire year based on requirement, then how income will be calculated under Sec 44ae for LLP?
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
11 July 2016 Sec. 44AE is applicable only on vehicles owned and not rented.

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