Easy Office

Regarding us 44ad

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 September 2014 I have confusion assessee has business of plying medium passenger vehical ( Tata sumo,magic etc ) can I opt 44AD to declear profit and use ITR 4S ?
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
14 September 2014 yes he can be covered under 44AD
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 September 2014 Thank you Nikhilji one more point I like to clear operating passenger vehical the expanses incurred on changing tyre tube is nature of capital or revenew ?



Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
16 September 2014 i believe tyre tube should go to normal repairs. but you can capitalize too (given that it is an essential component).

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links