44AE

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Non-inclusion of audits under sections 44AD, 44AE and 44AF in the "specified number of tax audit assignments"


Clarification regarding non inclusion of audits conducted under sections 44AD 44AE and 44AF in the specified number of tax audit assignments In order to clarify the doubt raised by majority of members in respect of inclusion of audits conducted under sections 44AD 44AE and 44AF of the Income tax Act

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Section 44ae


Gross receipt of Rs 7300000 form plying leasing or hiring of 4 heavy trucks for the financial year 2015 16 and also tds deducted now i want to file my income tax return so please tell me easy and correct way to file my ITR

If 44ae is adpoted then where to show depreciation in books


IF 44AE IS ADPOTED THEN WHERE TO SHOW DEPRECIATION IN BOOKS OF ACCOUNT OR WHAT ABOUT THE TREATMENT OF DEPRECIATION FOR PREPARETION OF BALANCE SHEET PURPOSE PLS REPLY IT S URGENT THANKS IN ADVANCE

partnership firm itr s 44ae


a parnership firm is doing business of plying hiring and is providing 7 truck to iocl company in which 4 truck are owned by the partner of the firm and 3 truck is attched with the firm of one individual so my question is that how the itr of firm will file is the 7 truck will be assume for firm truck

Query as per section 44ae and service tax


i am running tour travels business and owned 3 tempos now my gross receipt exceed 10 lacs during the year one of my friend who is accountant by profession told me to take service tax no but my CA says if you take service tax no then you will not get exemption of section 44ae now i am confused whethe

Transporter / 44ae


A transporter getting trucks on hire basis per day or per month doing misc transporting work Can he opt for presumptive taxation u s 44AE What if his total turnover gross receipt from such misc work during the year is more than Rs 1 Crores Any answer plz

Discussion

Regarding 44ae of income tax act

I m in a business of plying leasing and hiring of goods carriage having 4 trucks and also opted for 44AE AND SHOWING INCOME 7500 PER TRUCK but now I received cheque regarding more amt So may I have to show more income per truck and not opted for 44ae Or just show under 44ae and nothing to do with ex

Cash in 44ad and 44ae (truck income)

One of my clienthastwo trucks and showing income u s 44AE i e 95000 per truck as he do not maintain books He do not maintain books of business but prepare personal balance sheet Now what will be cash accrual a 95000 or b 95000 plus depriciation on the truck as 95000 is net profit after depriciation

For filling itr 4s as per section 44ae

Sir My client has a income from giving rent a tata ace to a company He has received his payment by cheque Now my question is that Suppose he received around Rs 25 000 pm and shows his income in ITR 4s as per section 44AE i e 7 500 per vehicle p m then any problem will arise from IT dept As his recei

44ae

Dear All A person hires individual truck from driver being owner too and himself engages in plying of goods then kindly help me in following two aspects 1 Can he issue transport Bilty in his firm name 2 Whether this income of his ll be covered under 44AE given the fact he do not own any truck just h

Individual, 2 vehicles turn over 1.3 crore , can opt 44ae?

An Individual owning 3 Hevay Goods Vehicles Also procures services of other goods transporters which may be more than 10 vehicles in a year Turnover in a Financial year 2015 16 Rs 1 36 00 000 One Crore Thirty six lakhs Can he Opt for Presumptive Taxation u s 44AE Thanks a lot for kind support

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Section 44AE of the income tax act


SECTION 44AE OF THE INCOME TAX ACT 1961 INCOME IN CASE OF ASSEESSEE IS ENGAGED IN THE BUSINESS OF PLYING HIRINGOR LEASING OF GOODS CARRIAGES Applicability This section applies to all types of assesses whether resident or non resident who are engaged in the business of plying Hiring or leasing of goo


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Updated on : 12/5/2016 7:21:07 AM


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