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


Hi Sir One of my friend purchased a Piaggio carriage Vehicle in his name and another carriage vehicle on other name He is getting a cheque of nearly Rs 30000 per month from a company after deducting TDS How this Income should be shown apart from these he is getting a salary Rs 240000 per annum from

Section 44AE


In sec 44AE if at the beginning of the year in April assessee has 9 goods carriage and then from May they increased say 20 then also estimated income if Rs 7500 pm I e 7500 9 1 7500 11 20 Here wording of section is who own not more than 10 goods carriage at any time Whether this will be calculated a

Sec 44ae


Please explain the term hiring or leasing used in sec 44AE of IT act 1961 Whether hiring means take goods carriage on hire lease or give goods carriage on hire lease how will be taxability on income of person who takes goods carriage on hire rent lease and who give goods carriage on hire rent lease

Sec44ae of it act 1961


if Mr ajay runs 2 truck one himself nd one driver appointed for carry goods and these truck are owned by her brother Mr sunil Ajay charge freight from concerned party for transporting the goods Plz suggest me whether Mr Ajay can opts for sec 44AE from financial year 2014 15 or otherwise I am confuse

Itr 4 for income u/s 44ae and two house property income


I am filing ITR in which there are two incomes One is u s 44AE and other is from rental income from two property Now ITR 4 is require to file No books of accounts are maintained So how to file these two incomes together in ITR 4 without balance sheet and profit and loss so that no defective return n

Discussion

Sec 44ae

AS ONE OF MY CLIENT HAVING TURNOVER MORE THAN 1 CRORE IN TRANSPORTATION BUSINESS AND HAVING LESS TAN 10 TRUCKS IN AY 2017 18 THEN IF HE SHOW PROFIT MORE THAN LIMIT SPECIFIED IN SECTION 44AE THAN IS HE LIABLE TO GET HIS ACCOUNT AUDITED OR NOT

44ae

Is there au andit requirement u s 44AB if Gross receipts exceed 1 crore and return filed under section 44AE in case of transporters ITR when filing is not taking return form 4S but beacase there is agriculture income of more than 5000 its taking return form 4 Please help urgently

Query regarding sec. 44ae

Dear Experts Please suggest I am having Sugarcane Transport service he is owning Tractors can i opt section 44AE for tractors

44ae- presumptive taxation

Ais the owner of 5 vehicles and he taken 3 vehicles on rent basis fromB Cis one customer ofA CapproachedAand asked him to shift his goods fromKolkattatoBangalore By using of these 8 VehiclesAshifted goods of Cand in returnAreceived 100000 Like thatAshifted goods ofD E Falso Total Revenue earned from

Tds applicable on section 44ae.

Sir My client will make a IT file by filling ITR 4s Section 44AE on his income of rent from hiring tata ace in a company Company is paying approx Rs 22 000 25 000 p m in cheque or on account Section 194 C or 194I will applicable on it Please guide me anyone

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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 : 4/25/2017 4:47:07 PM


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