25 January 2017
Maine ek heavy vehicle loan per purchase kar liya and I want to give to my friend @Rs 5000/_ per month on rent. Can I do that..? Kya all income from vehicle mere friend ki income Maani jayegi..??
25 January 2017
Income from plying of heavy vehicle (if it is a goods carriage) may be shown u/s 44AE by the friend since it is he who will run such vehicle.
25 January 2017
Only owners of the vehicle is covered U/s 44AE. Hired income is eligible for consideration u/s 44AE. You have to show a monthly income per vehicle Rs. 7,500.
CAclubindia
