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Section 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2012 Dear Experts,
One of my client runs 2 buses on the basis of per KM contract with UP roadways. His gross payment for the FY 2011-12 is around 17 lacs thereon the tds is deducted @1% u/s 194C. Whether he can opt Section 44AD or he has to go for Section 44AE.
Please advise me.
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B.COM, ACA, DISA Namrata

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B.COM, ACA, DISA Namrata (Expert)
22 August 2012 ection 44AD is Applicable for Any business except plying, hiring or leasing goods carriages referred in S. 44AE



Thus S.44AE will be applicable
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2012 But, bus in not a goods carriages?



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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2012 It is meant to carry passengers not goods.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 July 2023 "Sorry, I am not a featured member."

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