Impose the tax u/s 44ae

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Querist : Anonymous

Querist : Anonymous (Querist)

20 August 2014 truck used in business for transportation of vegetable as machinery may the ITO IMPOSE THE TAX U/S 44AE ON THE BASES OF OWNERSHIP OF MOTOR VEHICLE.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 August 2014 no. if you are in business of only transporting our own goods within your own premises or between your premises, then 44AE wont apply. However, where the goods are being transported for clients as a transporter, then 44AE will apply.

Rupesh Jain

Rupesh Jain (Expert)
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22 August 2014 if you are doing business for carrying the goods for others then income will taxable u/s 44AE.if you are using in his business then o income will taxable.